Showing 1 - 10 of 25
Persistent link: https://www.econbiz.de/10011950833
Persistent link: https://www.econbiz.de/10011803313
We investigate how share restrictions affect hedge fund performance in crisis and non-crisis periods. Consistent with prior research, we find that in the pre-crisis period more illiquid funds generate a share illiquidity premium compensating investors for limited liquidity. In the crisis period,...
Persistent link: https://www.econbiz.de/10010875300
Persistent link: https://www.econbiz.de/10010543777
We investigate whether the diversification discount occurs partly as an artifact of poor corporate governance. In panel data models, we find that the discount narrows by 16% to 21% when we add governance variables as regression controls. We also estimate Heckman selection models that account for...
Persistent link: https://www.econbiz.de/10010702370
Persistent link: https://www.econbiz.de/10011930534
Persistent link: https://www.econbiz.de/10010987751
Persistent link: https://www.econbiz.de/10012493230
Persistent link: https://www.econbiz.de/10012650151
Persistent link: https://www.econbiz.de/10014507913