… Holzhauer : I think one of the most robust market anomalies is post-earnings-announcement
drift, which is the tendency for stock returns to drift for several days, weeks, or even months …

Purpose Currently, few academics agree on a standard and scientific way to measure risk
tolerance. This paper aims to create a unique model for empirically measuring risk tolerance …

In this article, the authors use KLD Research and Analytics (KLD) rankings from 1991 to
2009 to create three long-only portfolios: high-ranking “Top” stocks, “Shunned” stocks, and “Top …

This paper examines the profitability of style momentum strategies on portfolios based on firm
growth/value characteristics and market capitalization. We use monthly total returns of nine …

Dividend-yield strategies generate investor interest because they have historically offered
better risk-adjusted performance. We test the performance the Dogs of the Dow (DoD) strategy…

… Holzhauer: What are some of the potential benefits of creating Student Managed Funds (SMFs)?
What are the broadest objectives of SMFs (eg student preparation, endowment growth, …

… Professor Holzhauer is an award- winning professor in research, teaching, and service. Since
2013, … Professor Holzhauer received a BS in business administration and bio- psychology …

Bernstein (1996, p. 1) notes,“The revolutionary idea that defines the boundary between modern
times and the past is the mastery of risk: the notion that the future is more than a whim of …

This article examines the monthly returns of nine Select Sector SPDRs and finds historically
that buying past outperforming sectors and selling past underperforming sectors produces …

This chapter provides an introduction into the extensive field of hedge fund investing, which
has grown over the last 60 years to become a major influence on the financial markets. As …