Stadard asset pricing models generally exclude corporate control and liquidity considerations
as joint explanatory factors of the stock price formation process. This empirical study …

This article focuses on Facebook's new digital currency, initially called" Libra" and renamed
in December 2020" Diem", that has been designed and proposed by the Diem Association (…

Ten years ago, Pascal Gallo, a French researcher with a fresh doctorate in physics from
Toulouse University embarked on a new journey at the Ecole Polytechnique Fédérale de …

Several hedge fund replication products have been launched over the past three to four years.
Consequently a substantial number of products have build up a sufficient track record for …

This paper investigates the influence of Swiss firms' disclosure policy and of their financial
analysts' coverage on stock price abnormal reactions to the publication of the annual reports. …

Asset allocation models have been actively studied for more than three decades. The well
known mean-variance strategy due to MARKOWITZ (1953,) was originally developed to find …

… *corresponding author: +41 26 429 63 50; nils.tuchschmid@hefr.ch First Version: June 2017
… De Skowronski, and NS Tuchschmid, “Cluster analysis: application to sector indices and …

… The research in this article is an extension of the work by Tuchschmid, Wallerstein, and
Zanolin [2011] and the topic is similar to the topic in the article by Dewaele et al. [2011]. The latter …

Academic literature on wealth management is often devoted to portfolio optimization. It is
important to remember, however, that wealth management exists as a way for financial …

Alternative Risk Premia investment products have attracted substantial interest from institutional
investors in the recent decade, as they are supposed to provide risk premia other than …