About the Division »


The Division of Economic and Risk Analysis (DERA) was created in September 2009 to integrate financial economics and rigorous data analytics into the core mission of the SEC. The Division is involved across the entire range of SEC activities, including policy-making, rule-making, enforcement, and examination.

About the  Division of Economic and Risk Analysis Learn more

Mutual Fund Prospectus Risk/Return Summary Data Sets »


NEW! Available for download, Mutual Fund Prospectus Risk/Return Summary Data Sets provide the text and numeric information extracted from the risk/return summary section of mutual fund prospectuses filed with the Commission in the structured eXtensible Business Reporting Language (XBRL) format.

Learn more Mutual Fund Prospectus Risk/Return Summary Data Sets  Learn more

Taxonomies »


NEW! Available for download, Draft 2016 Order Handling Data Schema and Report Renderer for Broker-Dealers.

Learn more about Taxonomies  Learn more

Latest Academic Publications

  • Massimo Guidolin, Alexei G. Orlov, and Manueal Pedio, 2017, How Good Can Heuristic-Based Forecasts Be? A Comparative Performance of Econometric and Heuristic Models for UK and US Asset Returns, Quantitative Finance, forthcoming.

  • Na Dai, Vladimir Ivanov, and Rebel Cole, 2017, Entrepreneurial Optimism, Credit Availability, and Cost of Financing: Evidence from U.S. Small Businesses, Journal of Corporate Finance, 44:289-307.

  • Massimo Guidolin, Alexei G. Orlov, and Manuela Pedio, 2017, The Impact of Monetary Policy on Corporate Bonds under Regime Shifts, Journal of Banking and Finance, 80:176-202. (updated)

  • Joseph P.H. Fan, Jun Huang, Felix Oberholzer-Gee, and Mengxin Zhao, 2017, Bureaucrats as Managers and their Roles in Corporate Diversification, Journal of Corporate Finance, forthcoming. 

DERA: Twitter

Contact Us


Contact the Division of Economic and Risk Analysis:

Email: DERA@sec.gov

Phone: 202-551-6600