Industry analysts are vital conduits of information between the firms they cover and the investors in those firms. Despite their central role in capital markets, little is known about how analysts make their coverage decisions and how they gain their industry knowledge—the resource that investors value above all. Filling this important gap, HKUST’s Charles ... 阅读更多

Gone are the days of small-scale investment - the rise of institutional investors has changed the game completely. In 1950, only 6% of publicly traded US companies were owned by institutional investors, but fast forward to 2017 and that number has skyrocketed to 65%. The "Big Three" - BlackRock, Vanguard, and State Street Global Investors - hold a ... 阅读更多