Daily Archives: October 2, 2019

Infographic: Earnings management, Developed vs. Emerging Markets

Infographic: Earnings Management, Developed vs. Emerging Markets In terms of ROE distribution, developed markets like the U.S. and U.K. (left) show a fairly even hump skewing just to the positive side of zero. Earnings management happens, but it’s barely visible. Chinese companies (at top, middle) take creative accounting to a whole new level, revealing an…

Uncovering Symbiosis: Emerging Markets and Factor Investing

Uncovering Symbiosis: Emerging Markets and Factor Investing July 03, 2019 By Jason Hsu Excerpt: Convention says that emerging markets pose an array of challenges for factor investing to achieve excess returns. China serves up several of its own, from mispricing to limited data to a mashup of market noise. That, in large part, may have…