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Recent Journal Publications by COB Faculty

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Academic Journal
Finance

“Cross-sectional performance and investor sentiment in a multiple risk factor model”

The impact of investor sentiment on stock prices varies in the cross-section. We estimate sentiment sensitivities and find that sentiment-prone stocks exhibit the opaque characteristics hypothesized by Baker and Wurgler (2006). We then examine conditional alphas using investor sentiment as an information variable. Opaque stocks exhibit marginal performance that varies inversely with investor sentiment. Translucent stocks exhibit relatively little variability in performance across levels of sentiment.
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Academic Journal
Finance

“Cryptocurrency hacking and trader behavior in bitcoin futures”

We investigate the effect of cryptocurrency hacking on trader positions in CME bitcoin futures. Our results indicate that the occurrence of hacking and fraudulent incidents lead to more net-short positions and fewer participation ratio for leveraged funds in bitcoin futures. Additionally, U.S. dollar index, futures basis, and price efficiency also play significant roles in the trading of leveraged funds. Lastly, we find that the number of hacking incidents negatively affects dealers’ net-long positions. This study provides new insights into trader behaviors in bitcoin futures and offers practical implications for bitcoin investors and regulators.
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Book
DSGN - DIM

“Cultivating Suburban Place Affection: Encountering the Pluriverse Within Peripheral Centralities”

The majority of the peripheries and in-between spaces of the planet’s urban regions are living spaces and working landscapes. Despite this, we understand little about the centrality of urban peripheries as the sites and spaces for some of the most imaginative, anticipatory, and purposeful instances of urbanism. This volume demonstrates the centrality of urban peripheries in all their variety with a view to reworking urban, architectural, design, planning, infrastructural, sociological, ecological, and geographical theory from the outside in. The book also examines the relationships of these new centralities to the metabolisms, assemblages, and urban political ecologies beyond the built and imagined materialities of their immediate situation.
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Academic Journal
Business Law

“"Dancing Backward in High Heels": Examining and Addressing the Disparate Treatment of Energy Efficiency and Renewable Resources”

Both energy efficiency and renewable resources offer significant benefits to utilities, their customers, and society as a whole. Yet energy efficiency programs face formidable barriers to adoption that renewable resources do not. While both renewable and efficiency resources have received significant funding in recent years, government support for renewables continues to dwarf that for efficiency measures, and regulatory policies consistently discourage utilities from investing in efficiency measures even while they incentivize investment in renewables. This Article examines the parallel development of renewable resource and energy efficiency programs within utilities, compares the differing treatment of each, and offers concrete recommendations for enhancing energy efficiency adoption by modifying existing policies to more closely resemble those applied to renewable resources. The Article concludes that the historic disincentives to implementing efficiency policies can be remedied by: 1) updating ratemaking structures to ensure utilities can recover and earn on efficiency investments; 2) streamlining cost effectiveness tests that presently encourage utilities to underestimate and under-invest in efficiency programs; and 3) addressing market barriers by strengthening consumer incentives and market transformation efforts.
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