This study investigates whether Environmental, Social, and Governance (ESG hereafter) controversies affect firm value in Korea. Moreover, based on a risk management perspective on ESG performance, this study analyzes whether firms causing ESG controversies can benefit from ESG engagement. Using...

ESG criteria is a quantum of a company’s performance in the environmental, social and governance aspects. The value of a company can be understood not just by the profits it makes but also by the awareness and sensitivity it has towards the stakeholders and society as a whole. And so, the...

The literature has pointed out that many decision makers could exhibit some degree of risk lovingness. Yet, it still lacks a suitable performance index which is consistent with the preferences of all of them, i.e., the preferred project has a higher score. To fulfill this need, our paper...

This paper investigates performance measurement in a team production task that involves synergies. Specifically, I ask whether contracting on team performance, rather than on individual performance, is more valuable if a team’s members are better collaborators. The results of this analytical...

Mutual funds are either run by a single manager or by a management team. Which management design is better has long been a topic of interest. In the early 2000s, the proportion of team-managed funds rose, but in 2007 it leveled off. Using the constant term from Carhart’s 4-factor model as a...

We show that earning non-hedge fund income is associated with lower future hedge fund performance. Specifically, generating non-hedge fund income reflects weakened alignment between the incentives of hedge fund management firm owners and the interests of investors. Using a hand-collected...

We consider a laboratory where bootstrapped synthetic structured products (convertible bonds, reverse convertibles, or barrier reverse convertibles) are added to a 60\% stock and 40\% bond portfolio. By using market data on the underlying assets which are stocks and bonds we directly inherit a...

This research aims to investigate the extent to which business strategy mediates the relationship between reliance on integrative strategic performance measurement (RISPM) and organizational performance along with employee motivation. For this, we proposed a theoretical framework modifying...

Today, microfinance has become a familiar term that many associate with financially sustainable poverty reduction. But some argue that it makes poor people’s lives even more rigid by making them slaves of debt.The study aims to evaluate the performance of Tulay Sa Pag-Unlad, Inc. in the lives...

This paper reports the performance evaluation of the OpenCilk parallel program on asymmetric performance multicore processors (AMPs). The results show that AMPs do not impose performance penalties on the OpenCilk program. Hereafter, we derive the speedup factor 𝑠𝑓 simply from the execution...