Leverage and asymmetric volatility: The firm-level evidence

Authors: Jan Ericsson, Xiao Huang, Stefano Mazzotta

Publication: Journal of Empirical Finance, Volume 38, Part A, September 2016, Pages 1-21

Abstract:

Ottawa’s pot pricing plan likely to be affected by low rates in Quebec

Ottawa is going to have to find a way to keep legalized cannabis on the affordable side, thanks to the already low prices in Quebec. A new Public Safety Canada report states that, for comparable quality marijuana, Quebec pot consumers pay about $5.33 per gram, while non-Quebecers average $7.04.

Cannabis legalization and private enterprise in Quebec

This summer, the Quebec government will be running consultations into how legalized cannabis will be sold in Quebec. For Ottawa, the aim is that the provinces will regulate sales, hopefully with public health as the ultimate goal.

Female deans share advice for young women graduating from business schools

For convocation season, Poets & Quants asked several female deans of business schools what the current crop of new female grads should think about as they start out in the high-octane world of business, whether they’re entering the workforce or striking out on their own.

Desautels professor on Bangladesh Government’s bank-deposits tax

In a recent piece for The Daily Star, Desautels professor Mo Chaudhury calls the tax on bank deposits in the Government of Bangladesh’s 2017-18 budget a bad call, and gives six examples that outline exactly why.

Short seller’s morning tweet seems to sink shares of two Canadian companies

After of a sell-off of shares in two Canadian companies was apparently triggered by a short seller’s morning tweet, Desautels professor Ken Lester derided the tweet, saying that “There’s no recourse. People can just put out whatever they want on the Internet.”

2016-17 Desautels Teaching Awards

Congratulations to Professor Juan Serpa and Professor Sujata Madan who have been selected as the recipients of the 2016-17 Desautels Faculty Teaching Award for Undergraduate and Graduate teaching, respectively. 

Movies that MBAs can learn from: professors have their say

Poets and Quants recently asked business educators to name their top picks for films from which MBAs could learn a lesson or two. The range of movies mentioned was wide, and included some films that do not, at first, seem to be obvious choices. So, while films like The Wolf of Wall Street, 1986’s Gung-Ho, and Margin Call show up on the list, some professors give the nod to movies like Zootopia and The Godfather.

As feds unveil pot legalization plans, producers’ shares slip

Ottawa has released its plan to legalize marijuana, and the hit on big cannabis shares has been heavy. Concerns about how fast the government is moving to squeeze out illegal producers, a law-enforcement-heavy public announcement and a feeling that the government is stepping back from its plans for an industrial-scale market are leaving investors with questions.

Desautels achieves second consecutive win at PRMIA

Congratulations to Desautels undergraduate students: Evan Coulter, Valentyn Litvin, Meagan Prins, and Marina Simonian who won the top prize at the prestigious PRMIA International Risk Management Challenge- marking a second consecutive victory for the Faculty at this competition.

Marijuana sector likely to constrict as it matures

Desautels Professor Ken Lester was interviewed on BNN about the commodification of marijuana post-legalization. He discussed product choice, the question of how branding might be constrained by the impending legislation, and the tricky taxation line that the governments will have to trace in order to not send consumers back to the black market.