Forthcoming Articles

Brokers and Finders in Startup Offerings

Emmanuel Yimfor ♦ This study analyzes Form D filings to understand brokered startup offerings. 60% of brokers are FINRA-registered; the rest, “finders,” are not. Startups with fewer seasoned investors and more local brokers tend to use brokers. Venture capital firms…

Mispricing and Risk Premia in Currency Markets

Sohnke Bartram, Leslie Djuranovik, Anthony Garratt, and Yan Xu ♦ Using real-time data, we show that currency excess return predictability is in part due to mispricing. First, the risk-adjusted profitability of systematic trading strategies decreases after dissemination of the underlying…