Showing 1 - 10 of 19
We use a comprehensive dataset of Funds-of-Hedge-Funds (FoFs) to investigate performance, risk and capital formation in … alpha in the short second period from October 1998 to March 2000. In the cross section of FoFs, however, we are able to … identify FoFs capable of delivering persistent alpha. We find that these more successful hedge funds experience far greater …
Persistent link: https://www.econbiz.de/10005792343
a measure of "alpha" or abnormal performance of the deal. The alpha is significantly positive on average and robust … during sector downturns. In the cross-section of deals, higher alpha is related to greater improvement in EBITDA to Sales … particular, deals with higher alpha either grow their margins more substantially, and/or grow multiples more substantially …
Persistent link: https://www.econbiz.de/10004980202
Employing data from a new secondary market for hedge funds, this paper documents the existence of a closed-hedge fund premium, analogous to the closed-end mutual fund premium which has been extensively studied in the literature. Over the past decade, the two premia comove with one another at...
Persistent link: https://www.econbiz.de/10005666409
Ratios that indicate the statistical significance of a fund’s alpha typically appraise its performance. A growing … or trading frequently can significantly enhance performance ratios. This paper derives the performance maximizing … strategy - a variant of buy-write - and the least upper bound on such performance enhancement, thereby showing that if common …
Persistent link: https://www.econbiz.de/10008468707
against our data. We find that team size affects the impact of the incentive scheme upon performance. Moreover, while the …
Persistent link: https://www.econbiz.de/10005498005
In this paper firm level data are used to test whether competition affects productivity performance in three transition … pressure has a positive impact on firm performance in Hungary and Slovenia, but not in Romania, while in Romenia short …-run competitive pressure has a positive impact on performance. The paper also finds evidence that ownership matters. Traditional firms …
Persistent link: https://www.econbiz.de/10005498145
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. …
Persistent link: https://www.econbiz.de/10011083836
to scale, we find evidence of industry-level decreasing returns: The positive turnover-performance relation weakens when …
Persistent link: https://www.econbiz.de/10011083863
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. …
Persistent link: https://www.econbiz.de/10011083960
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 …
Persistent link: https://www.econbiz.de/10011084298