Ivo Welch

...J. Fred Weston Distinguished Professor of Finance and Economics
at the Anderson Graduate School of Management at UCLA.

textbook cover

CorpFin Textbook
4th Edition, Free Download

CFR 6-1 cover

Critical Finance Review
Academic Journal

Robinhood Investors

Is there any crowd wisdom?

2020
Market-Beta

What is the best (and easy) estimator of market-beta?

Market-Beta

Did low market-beta stocks hedge well in market crashes?

2017
CAPM

Did high-beta stocks even outperform low-beta stocks in the long-run?

2017
Real-Estate & Capex

Did real-estate really influence corporate cap-ex?

2020
Capital Structure

Did companies try to maintain stable leverage ratios?

2004/2013
Information Cascades

Do many possible action choices render cascades unimportant?

TBA
Equity Premia

Did stocks outperform bonds because they were riskier or longer-term?

2016
Equity Premia

Could you predict stock returns with dividend-yields (etc)?

2008
Equity Premia

Can you measure disaster risk in-time? Can it explain the equity premium?

2016
The Real Rate

Is the real interest rate after-tax unusually low?

2018
Reversals

Is evidence of portfolio reversals evidence of stock reversals?

2016
S&P500

Has in/ex-clusion from the S&P500 changed over the decades?

2016
Refereeing

Does your paper or the draw of the referee matter more?

2014
BLOG

I do blog occasionally—sometimes, for therapy, sometimes for insight.


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