During the 38th International Conference of the French Finance Association (AFFI) held in Saint-Malo, France, from May 23 to 25, David Ardia, Associate Professor at HEC Montréal, received the best asset pricing paper award for "Evaluating Hedge Fund Performance when Models are Misspecified". This paper is co-authored with Laurent Barra, Patrick Gargliardini and Olivier Scaillet.
To read, a study conducted by David Ardia, professor at HEC Montreal, with colleagues from Sherbrooke and Ghent in Belgium has just been the subject of an article in The New York Times.
David Ardia, Associate Professor in the Department of Decision Sciences, received the Best Paper Award for 2018-2019 from the International Journal of Forecasting.
The article is entitled Questioning the news about economic growth: Sparse forecasting using thousands of news-based sentiment values. It was co-authored with Kris Boudt, Professor at Ghent University, Vrije Universiteit Brussel and Vrije Universiteit Amsterdam, and Keven Bluteau, Postdoctoral Researcher at Ghent University and HEC Montréal.
Based on a very competitive process, the selection of the winning entry was made from among all the articles published in the journal during 2018 and 2019.
We propose a tone-based event study to reveal the aggregate abnormal tone dynamics in
media articles around earnings announcements. We test whether
they co...
David Ardia, Keven Bluteau, Kris Boudt, and Koen Inghelbrecht
We empirically test the prediction of Pastor, stambaugh, and Taylor (2020) that green firms outperform brown firms when concerns about climate change increas...