David Chambers

University of Cambridge - Judge Business School

Trumpington Street

Cambridge, CB2 1AG

United Kingdom

CEPR

London

United Kingdom

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SCHOLARLY PAPERS

27

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78

CROSSREF CITATIONS

79

Scholarly Papers (27)

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1.

Keynes the Stock Market Investor: A Quantitative Analysis

Journal of Financial and Quantitative Analysis (JFQA), Vol 50, No 4, 2015, pages 431–449
Number of pages: 54 Posted: 17 Mar 2012 Last Revised: 19 Mar 2016
David Chambers, Elroy Dimson and Justin Foo
University of Cambridge - Judge Business School, University of Cambridge - Judge Business School and University of Cambridge - Judge Business School
Downloads 9,985 (661)
Citation 13

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Keynes, performance measurement, asset allocation, behavioral finance, value investing, endowment, innovation

2.

The Norway Model

Journal of Portfolio Management, Vol. 38, No. 2, 2012, pages 67–81, https://doi.org/10.3905/jpm.2012.38.2.067
Number of pages: 17 Posted: 17 Jul 2019
David Chambers, Elroy Dimson and Antti Ilmanen
University of Cambridge - Judge Business School, University of Cambridge - Judge Business School and AQR Capital Management
Downloads 8,381 (895)
Citation 24

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Sovereign wealth funds, endowment, pensions, Norway, Government Pension Fund Global

3.

The Rate of Return on Real Estate: Long-Run Micro-Level Evidence

HEC Paris Research Paper No. FIN-2019-1342
Number of pages: 59 Posted: 25 Jun 2019 Last Revised: 06 Jan 2021
David Chambers, Christophe Spaenjers and Eva Steiner
University of Cambridge - Judge Business School, HEC Paris - Finance Department and Penn State Smeal College of Business
Downloads 1,586 (14,832)
Citation 8

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real estate, income growth, income yields, property prices, long-run returns

4.

IPO Underpricing Over the Very Long Run

Journal of Finance, Vol. 64, No. 3, June 2009, pages 1407–1443
Number of pages: 56 Posted: 20 Mar 2006 Last Revised: 20 Mar 2016
David Chambers and Elroy Dimson
University of Cambridge - Judge Business School and University of Cambridge - Judge Business School
Downloads 1,558 (15,263)
Citation 10

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Initial public offering, underpricing, regulation, investor protection, financial history

5.

Financial Market History: Reflections on the Past for Investors Today

CFA Institute Research Foundation 2016M-3
Number of pages: 306 Posted: 10 Mar 2017
David Chambers and Elroy Dimson
University of Cambridge - Judge Business School and University of Cambridge - Judge Business School
Downloads 906 (33,910)
Citation 1

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financial market history, dimson, chambers, CFA, CFA Institute, CFA Institute Research Foundation

6.

Law, Politics and the Rise and Fall of German Stock Market Development, 1870-1938

European Corporate Governance Institute (ECGI) - Law Working Paper No. 283/2015, University of Cambridge Faculty of Law Research Paper No. 4/2015
Number of pages: 51 Posted: 13 Jan 2015 Last Revised: 12 Jun 2017
Carsten Burhop, David Chambers and Brian R. Cheffins
Max Planck Institute for Research on Collective Goods, University of Cambridge - Judge Business School and University of Cambridge - Faculty of Law
Downloads 822 (38,780)
Citation 2

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Initial public offerings; Germany; Financial History; Corporate Law; Stock Markets

7.

Art as an Asset: Evidence from Keynes the Collector

Downloads 709 ( 47,371)
Citation 4

Art as an Asset: Evidence from Keynes the Collector

Number of pages: 39 Posted: 26 Feb 2020 Last Revised: 11 Mar 2020
David Chambers, Elroy Dimson and Christophe Spaenjers
University of Cambridge - Judge Business School, University of Cambridge - Judge Business School and HEC Paris - Finance Department
Downloads 707 (46,918)
Citation 1

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alternative investments; art; portfolios; price indexes; indivisible assets; concentration

Art as an Asset: Evidence from Keynes the Collector

Number of pages: 42 Posted: 11 Feb 2020 Last Revised: 02 Mar 2020
David Chambers, Elroy Dimson and Christophe Spaenjers
University of Cambridge - Judge Business School, University of Cambridge - Judge Business School and HEC Paris - Finance Department
Downloads 2 (836,224)
Citation 3
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8.

Seventy-Five Years of Investing for Future Generations

Financial Analysts Journal, 2020, 76(4): 5–21
Number of pages: 35 Posted: 02 Oct 2020 Last Revised: 11 Nov 2020
David Chambers, Elroy Dimson and Charikleia Kaffe
University of Cambridge - Judge Business School, University of Cambridge - Judge Business School and University of Cambridge - Judge Business School
Downloads 673 (50,922)

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Endowments and Foundations, Long Horizon Investing, Herding, Counter-Cyclical Investing, Asset Allocation

9.

To Divest or to Engage? A Case Study of Climate-Change Activism

Number of pages: 16 Posted: 15 Oct 2019
David Chambers, Elroy Dimson and Ellen Quigley
University of Cambridge - Judge Business School, University of Cambridge - Judge Business School and University of Cambridge
Downloads 655 (52,609)
Citation 2

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Climate change, responsible investing, fossil fuel, ESG, activism, endowments, portfolio management

10.

John Maynard Keynes, Investment Innovator

Journal of Economic Perspectives, 2013, Vol 27, No 3, pages 1–18
Number of pages: 24 Posted: 30 Jun 2013 Last Revised: 20 Mar 2016
David Chambers and Elroy Dimson
University of Cambridge - Judge Business School and University of Cambridge - Judge Business School
Downloads 554 (65,122)
Citation 8

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Keynes, endowment, investment, history, risk premium, value investing

11.

If You're So Smart: John Maynard Keynes and Currency Speculation in the Interwar Years

Forthcoming, Journal of Economic History
Number of pages: 51 Posted: 03 Dec 2015
Olivier Accominotti and David Chambers
London School of Economics & Political Science (LSE) and University of Cambridge - Judge Business School
Downloads 541 (67,047)
Citation 3

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carry, momentum, foreign exchange, currency markets, currency crises

12.

Regulating IPOs: Evidence from Going Public in London and Berlin, 1900-1913

ECGI - Law Working Paper No. 180/2011, University of Cambridge Faculty of Law Research Paper No. 2/2012
Number of pages: 49 Posted: 12 Jul 2011 Last Revised: 16 Mar 2012
Carsten Burhop, David Chambers and Brian R. Cheffins
Max Planck Institute for Research on Collective Goods, University of Cambridge - Judge Business School and University of Cambridge - Faculty of Law
Downloads 377 (103,086)
Citation 9

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law and finance, initial public offering, regulation, investor protection, financial history

13.

The First Global Emerging Markets Investor: Foreign & Colonial Investment Trust 1880-1913

Explorations in Economic History (Forthcoming)
Number of pages: 45 Posted: 18 Mar 2012 Last Revised: 02 Oct 2013
Rui Esteves and David Chambers
Graduate Institute of International and Development Studies (IHEID) and University of Cambridge - Judge Business School
Downloads 359 (108,873)
Citation 3

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portfolio choice, closed end funds, mutual funds, financial innovation, emerging markets, financial crisis, contagion, globalization

14.

Keynes, King’s and Endowment Asset Management

Downloads 357 (106,862)

Keynes, King’s and Endowment Asset Management

Chapter 4 of J Brown and C Hoxby (Eds), How the Financial Crisis and Great Recession Affected Higher Education, University of Chicago Press, 2015, pages 127–150
Number of pages: 38 Posted: 23 Sep 2014 Last Revised: 20 Mar 2016
David Chambers, Elroy Dimson and Justin Foo
University of Cambridge - Judge Business School, University of Cambridge - Judge Business School and University of Cambridge - Judge Business School
Downloads 357 (108,722)

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King's College Cambridge, John Maynard Keynes, behavioral finance, endoment asset management, financial history

Keynes, King’s and Endowment Asset Management

Chapter 4 of J Brown and C Hoxby (Eds), How the Financial Crisis and Great Recession Affected Higher Education, University of Chicago Press, 2015, pages 127–150
Posted: 20 Sep 2014 Last Revised: 20 Mar 2016
David Chambers, Elroy Dimson and Justin Foo
University of Cambridge - Judge Business School, University of Cambridge - Judge Business School and University of Cambridge - Judge Business School

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King’s College Cambridge, John Maynard Keynes, behavioral finance, endowment asset management; financial history

15.

Tail Risk Management for Multi-Asset Multi-Factor Strategies

Risk & Reward, 2018, 4th issue, pp. 14-20
Number of pages: 9 Posted: 20 Feb 2019
David Chambers, Harald Lohre and Carsten Rother
University of Cambridge - Judge Business School, Invesco and Invesco
Downloads 347 (113,025)
Citation 1

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Factor Investing, Tail Risk Management, Maximum Diversification, Risk Parity

16.

The British Origins of the U.S. Endowment Model

Financial Analysts Journal, Vol 71, No 2, pages 8–12, 2015
Number of pages: 13 Posted: 21 Dec 2014 Last Revised: 20 Mar 2016
David Chambers and Elroy Dimson
University of Cambridge - Judge Business School and University of Cambridge - Judge Business School
Downloads 320 (123,571)
Citation 1

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Long horizon investing, Yale, Keynes, Investment strategy, illiquid assets

17.

Market and Regional Segmentation and Risk Premia in the First Era of Financial Globalization

Darden Business School Working Paper No. 2179088
Number of pages: 56 Posted: 23 Nov 2012 Last Revised: 21 Dec 2017
David Chambers, Sergei Sarkissian and Michael J. Schill
University of Cambridge - Judge Business School, McGill University and University of Virginia - Darden School of Business
Downloads 315 (125,581)
Citation 4

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Cross-listing; Economic geography; Market integration; Stock exchanges

18.

Currency Regimes and the Carry Trade

Downloads 312 (126,873)
Citation 2

Currency Regimes and the Carry Trade

Journal of Financial and Quantitative Analysis, Forthcoming
Number of pages: 72 Posted: 29 Nov 2017 Last Revised: 03 Mar 2019
Olivier Accominotti, Jason Cen, David Chambers and Ian W. Marsh
London School of Economics & Political Science (LSE), University of Exeter Business School, University of Cambridge - Judge Business School and City University London - Sir John Cass Business School
Downloads 310 (127,044)
Citation 2

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Exchange rates, Carry strategy, Currency factors, Floating currencies

Currency Regimes and the Carry Trade

Number of pages: 75 Posted: 12 Mar 2019
Olivier Accominotti, Jason Cen, David Chambers and Ian W. Marsh
London School of Economics & Political Science (LSE), University of Exeter Business School, University of Cambridge - Judge Business School and City University London - Sir John Cass Business School
Downloads 2 (836,224)
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carry trade, Exchange Rate Regime

19.

Out-of-Sample Evidence on the Returns to Currency Trading

Downloads 288 (138,136)
Citation 2

Out-of-Sample Evidence on the Returns to Currency Trading

Number of pages: 50 Posted: 15 Jul 2013 Last Revised: 02 Dec 2015
Olivier Accominotti and David Chambers
London School of Economics & Political Science (LSE) and University of Cambridge - Judge Business School
Downloads 287 (137,934)
Citation 3

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Out-of-Sample Evidence on the Returns to Currency Trading

Number of pages: 53 Posted: 02 Jun 2014
Olivier Accominotti and David Chambers
London School of Economics & Political Science (LSE) and University of Cambridge - Judge Business School
Downloads 1 (849,922)
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carry trade, currency trading strategies, Keynes, momentum, value

20.

Ownership Dispersion and the London Stock Exchange’s 'Two-Thirds Rule': An Empirical Test

University of Cambridge Faculty of Law Research Paper No. 17/2012
Number of pages: 47 Posted: 27 Jun 2012 Last Revised: 18 Jul 2012
Brian R. Cheffins, Dmitri Koustas and David Chambers
University of Cambridge - Faculty of Law, University of California, Berkeley - Department of Economics and University of Cambridge - Judge Business School
Downloads 252 (158,279)
Citation 3

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law and finance, London Stock Exchange, initial public offerings, securities regulation

21.

Gentlemanly Capitalism Revisited: A Case Study of the Underpricing of Initial Public Offerings on the London Stock Exchange 1946-86

Number of pages: 38 Posted: 07 Mar 2008
David Chambers
University of Cambridge - Judge Business School
Downloads 186 (210,171)
Citation 2

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IPO, auction, tender offer, underpricing, British capital market failure

22.

Commodity Option Pricing Efficiency before Black Scholes Merton

Downloads 145 (259,100)

Commodity Option Pricing Efficiency before Black Scholes Merton

Number of pages: 41 Posted: 05 Sep 2019
David Chambers and Rasheed Saleuddin
University of Cambridge - Judge Business School and University of Cambridge
Downloads 145 (259,893)

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options, warrants, Black-Scholes, commodities, London Metals Exchange, market efficiency, performativity

Commodity Option Pricing Efficiency Before Black Scholes Merton

Number of pages: 44 Posted: 07 Oct 2019
David Chambers
University of Cambridge - Judge Business School
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Black-Scholes, commodities, London Metals Exchange, Market Efficiency, Options, Performativity, Warrants

23.

Research Foundation Year in Review -- 2012

CFA Institute Research Foundation R2013
Number of pages: 76 Posted: 11 Jun 2015 Last Revised: 20 Mar 2016
Antti Ilmanen, Richard Taffler, David Tuckett, Zvi Bodie, Laurence B. Siegel, Lisa Stanton, Momtchil Pojarliev, Richard M. Levich, Stephen Wilcox, David Adler, Thomas Oberlechner, Richard Sandor, Elroy Dimson, Jeffery Bailey, Bud Haslett and David Chambers
AQR Capital Management, University of Warwick - Finance Group, University College London - Centre for the Study of Decision-Making Uncertainty, Boston University - Department of Finance & Economics, CFA Institute Research Foundation, CFA Institute, Fischer Francis Trees & Watts, Inc., New York University (NYU) - Department of Finance, Minnesota State University, Mankato, CFA Institute, Webster University, Environmental Financial Products, LLC, University of Cambridge - Judge Business School, Target Corporation, CFA Institute Research Foundation and University of Cambridge - Judge Business School
Downloads 125 (290,472)

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Expected Returns, emotional finance, currency investing, life-cycle investing, inflation, liquidity, financial frictions, ethics, derivatives, equity risk premium

24.

Keynes, King&Apos;S and Endowment Asset Management

NBER Working Paper No. w20421
Number of pages: 39 Posted: 22 Sep 2014 Last Revised: 20 Oct 2021
David Chambers, Elroy Dimson and Justin Foo
University of Cambridge - Judge Business School, University of Cambridge - Judge Business School and University of Cambridge - Judge Business School
Downloads 69 (422,645)

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25.

How Good Was the Profitability of British Railways, 1870–1912?

The Economic History Review, Vol. 64, Issue 3, pp. 798-831, 2011
Number of pages: 34 Posted: 19 Jul 2011
Brian Mitchell, David Chambers and Nick Crafts
affiliation not provided to SSRN, University of Cambridge - Judge Business School and affiliation not provided to SSRN
Downloads 2 (800,927)
Citation 2
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26.

Gentlemanly Capitalism Revisited: A Case Study of the Underpricing of Initial Public Offerings on the London Stock Exchange, 1946–86

The Economic History Review, Vol. 62, No. S1, pp. 31-56, August 2009
Number of pages: 26 Posted: 09 Jul 2009
David Chambers
University of Cambridge - Judge Business School
Downloads 2 (800,927)
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27.

The More Things Change, The More They Stay the Same: Why Do Mutual Funds Change Sub-advisors?

Posted: 14 Nov 2021
Julia Arnold, David Chambers, Pedro A. C. Saffi and Xinrui Zheng
Imperial College London, University of Cambridge - Judge Business School, University of Cambridge - Judge Business School and University of Cambridge - Judge Business School

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Mutual Funds, sub-advisors, managerial turnover, return-chasing, competition.