rates. Further, the S&P 500 market seems to be well integrated, and the NASDAQ is generally (but not always) integrated. The …

assets traded on a given market share the same EMRS. The technique is also powerful enough to reject integration between the …

-advertising families. At the family level, flows have a convex relation with advertising expenditures, similar to that for performance … redemptions rather than increasing purchases of fund shares. We further find that advertising can affect the fund’s flow-performance …

cases, trust-related active share delivers superior performance, whereas the economic magnitude is larger for cross …-border investments (around 2% per year). Our results suggest that trust, including both trust in managers and trust in the market, may …

bookmaker data. We find that, after the head-coach has been replaced, teams perform better than before. However, the performance … replacement of head-coaches does not improve team performance. …

to scale, we find evidence of industry-level decreasing returns: The positive turnover-performance relation weakens when …

teams and run for an hour. This allows us not only to study the individual relationship between age and performance but also … performance goes down with age, although the speed-age gradient is rather flat. Group performance goes down with age as well, but … interestingly a counterbalancing force emerges, namely team dynamics that are driven by performance of runners who enter and leave. …

available hedge fund databases. Tracking changes to statements of historical performance recorded at different points in time … performance histories significantly and predictably underperform those that have never revised, suggesting that unreliable … debates about mandatory disclosures by financial institutions to market regulators. …

records plus matched labour market data. We focus on three main issues: whether performance pay matters for public service …This paper addresses a lack of evidence on the impact of performance pay in the public sector by evaluating a pilot … targets, measured with varying degrees of precision. We use data from the agency’s performance management system and personnel …

Using a tried and tested measure of management practices which has been shown to predict firm performance, we survey … incentives for staff recruitment, retention and promotion, are correlated with both teaching and research performance conditional … on resources and past performance. Moreover, this relationship holds for all universities, not just research …