Weekly Top 5 Papers – November 9, 2012

1. Social Mood, Stock Market Performance and U.S. Presidential Elections: A Socionomic Perspective on Voting Results
by Robert R. Prechter Jr. (Socionomics Institute) and Deepak Goel (Socionomics Institute) and Wayne D. Parker (Emory University School of Medicine) and Matthew Lampert (University of Cambridge)

2. Does Academic Research Destroy Stock Return Predictability?
by R. David McLean (University of Alberta – Department of Finance and Management Science) and Jeffrey Pontiff (Boston College – Department of Finance)

3. Can’t We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World
by Daron Acemoglu (Massachusetts Institute of Technology (MIT) – Department of Economics) and James A. Robinson (Harvard University – Department of Government) and Thierry Verdier (Paris School of Economics (PSE))

4. The Assumptions and Math Behind Wacc and Apv Calculations
by Richard Stanton (University of California, Berkeley – Finance Group) and Mark S. Seasholes (Hong Kong University of Science & Technology (HKUST))

5. Time Variation in Liquidity: The Role of Market Maker Inventories and Revenues
by Carole Comerton-Forde (Australian National University) and Terrence Hendershott (University of California, Berkeley – Haas School of Business) and Charles M. Jones (Columbia Business School – Finance and Economics) and Pamela C. Moulton (Cornell University) and Mark S. Seasholes (Hong Kong University of Science & Technology (HKUST))