Fundamental Value Investors: Characteristics and Performance

We examine novel data on the detailed investment decisions of professional value investors. We find evidence that value investors are not easily defined: they exploit traditional tangible asset valuation discrepancies such as buying high book-to-market stocks, but spend more time analyzing intrinsic value, growth measures, and special situation investments. We also test whether fundamental value investors outperform the market in our sample (January 2000 to June 2008). Analyzing buy-and-hold abnormal returns and calendar-time portfolio regressions, we conclude that value investors have stock picking skills.Value investing, abnormal returns, hedge funds, market efficiency, Valueinvestorsclub.com performance

Fish Oil Supplementation Reduces Markers of Oxidative Stress But Not Muscle Soreness After Eccentric Exercise

Peer reviewedPostprin

The relationship between rurality, skills and productivity in the East Midlands: summary

This summary report sets out the findings of research into the relationship between rurality, skills and productivity in the East Midlands. The report has been prepared by the Enterprise Research and Development Unit (ERDU) at the University of Lincoln on behalf of the East Midlands Development Agency (emda). The full report, which includes the detailed data analysis that underpins the findings set out in this report, is available separately

Considering Non-Open Access Publication Charges in the "Total Cost of Publication"

Recent research has tried to calculate the "total cost of publication" in the British academic sector, bringing together the costs of journal subscriptions, the article processing charges (APCs) paid to publish open-access content, and the indirect costs of handling open-access mandates. This study adds an estimate for the other publication charges (predominantly page and colour charges) currently paid by research institutions, a significant element which has been neglected by recent studies. When these charges are included in the calculation, the total cost to institutions as of 2013/14 is around 18.5% over and above the cost of journal subscriptions—11% from APCs, 5.5% from indirect costs, and 2% from other publication charges. For the British academic sector as a whole, this represents a total cost of publication around £213 million against a conservatively estimated journal spend of £180 million, with non-APC publication charges representing around £3.6 million. A case study is presented to show that these costs may be unexpectedly high for individual institutions, depending on disciplinary focus. The feasibility of collecting this data on a widespread basis is discussed, along with the possibility of using it to inform future subscription negotiations with publisher

The relationship between rurality, skills and productivity in the East Midlands: final report

This report sets out the findings of research into the relationship between rurality, skills and productivity in the East Midlands. The report has been prepared by the Enterprise Research and Development Unit (ERDU) at the University of Lincoln on behalf of the East Midlands Development Agency (emda)