that window-dresser funds can be identified by controlling the level of tracking error. The funds with high Active Share … scores and low tracking errors have the highest levels of Active Share window dressing and the worst future returns. However …

This paper investigates both the magnitude and the drivers of bank window dressing behaviour in euro-denominated repo … reductions and banks' incentives to window dress and document the role of the leverage ratio and the G-SIB framework as the most … relevant drivers of window dressing behaviour. Our findings suggest that regulatory action is warranted to limit banks' ability …