Söhnke M. Bartram

TL;DR: This paper investigated the effect of derivatives usage on the risk and exposure of non-financial firms around the world, and presented evidence that they use derivatives for hedging purposes, and showed that the reduction in risk is larger for firms in countries where creditor rights are weak or where derivatives are readily available.

TL;DR: In this paper, the authors explore the impact of volatility on market dependence, both analytically and empirically, using simulated time-series of financial asset returns that follow alternative stochastic processes commonly used in financial research.

TL;DR: In this paper, the roles of firm and country level agency conflicts in determining corporate payout policies were investigated based on a large sample of 29,610 firms in 43 countries from 2001 to 2006, and they found that in high protection countries, investors are able to use their legal powers to extract cash from firms but their ability to do so can be substantially hindered when agency costs at the firm level are high.

TL;DR: This paper found that the stock volatility of U.S. stocks is higher than stocks of similar foreign firms because of good volatility, such as investor protection, stock market development, research intensity at the country level, and firm-level investment in R&D.

TL;DR: In this paper, the authors show that the most basic form of fundamental analysis yields trades with risk-adjusted returns of up to 9% per year based on convergence of market prices to their fair values.