The fintech segment is currently one of the most rapidly growing industries, attracting numerous investors who anticipate substantial returns in the future. Notably, not only individual retail investors but also mutual fund agencies are actively engaged in predicting stock prices within this...

In contrast to earlier decades, since the early 2000s, the average idiosyncratic volatility of stocks has fallen back to its pre-1990s level. Here, we examine whether decreasing volatility still helps to explain the cross-sectional variation of bond returns. Using a panel data of corporate bond...

Extant evidence suggests short sales have pertinent information about firm fundamentals. If so, then information from short selling in liquid equity markets can be informative for infrequently traded corporate bonds. The adverse information conveyed by short interest should mean higher cost of...