This article examines the performance persistence of 12083 open-end funds over the period January 2010 to January 2020. We used a sample free of survivorship bias and measure performance using risk adjusted measures. Nineteen out of the forty-three categories showed high values of the Treynor,...

The negative screening is an important strategy for building up an environmental, social, and governance (ESG) portfolio by excluding low ESG scored assets from a conventional portfolio. This paper aims at evaluating the performance of the ESG negative screened index in comparison to...

In the present world of BANI (Brittle, Anxious, Nonlinear, and Incomprehensible), the organisations are more performance driven to sustain, survive and succeed. What gets measured gets managed. Forwarding with AI powered interventions is a beginning, working with real-time scenarios is progress,...

We introduce the XPER (eXplainable PERformance) methodology to measure the specific contribution of the input features to the predictive or economic performance of a model. Our methodology offers several advantages. First, it is both model-agnostic and performance metric-agnostic. Second, XPER...

Social enterprises in the microfinance industry need to adhere to both financial and social demands. Critics argue that there is a mission drift away from the social mission, and this has motivated the introduction of social rating agencies to strengthen the business ethics of microfinance...

We analyze the optimal contract when the employer organizes a calibration committee and how the committee affects biases in subjective performance evaluation. We employ a one-period moral hazard model, and the players in our model are the employer, the worker, and his immediate boss. Further, we...

In statistical classification and machine learning, as well as in social and other sciences, a number of measures of association have been proposed for assessing and comparing individual classifiers, raters, as well as their groups. In this paper, we introduce, justify, and explore several new...

This paper presents a thorough evaluation of target date funds for the period 2010-2020. These funds have grown enormously in assets, reaching $1.4 trillion by the end of 2019. They account for approximately 24 percent of all of the assets in 401(k) accounts. The paper reports on the results of...

This study examines the performance and performance persistence of emerging markets (EM) hedge funds. I document that EM hedge funds do not exhibit positive excess returns during the full sample period (1996 – 2021). I find strong evidence of a significant upward trend in performance during...

This paper revisits the short-termism argument by focusing on the long-term effects of hedge fund activists on firm operational performance. We find evidence that hedge fund effects are positively related to firm performance and are long-term. Moreover, such effects continue well into the...