1 citations · 1 across the 8 of their papers we have counts for
4 papers · 1 filter
Zero-Leverage Puzzle
Mykola Pinchuk
In this paper, I examine why some firms have zero leverage. I fail to find evidence that firms are unlevered because of managerial entrenchment since these firms do not have weaker…
Customer Momentum
Mykola Pinchuk
This paper examines customer momentum, defined as a positive relationship between a firm's returns and past returns of its customers. I confirm previous evidence (Cohen and Frazzin…
Bitcoin Does Not Hedge Inflation
Mykola Pinchuk
This paper examines the response of major cryptocurrencies to macroeconomic news announcements (MNA). While other cryptocurrencies exhibit no reaction to major MNA, Bitcoin respond…
Labor Income Risk and the Cross-Section of Expected Returns
Mykola Pinchuk
This paper explores asset pricing implications of unemployment risk from sectoral shifts. I proxy for this risk using cross-industry dispersion (CID), defined as a mean absolute de…