The research aims to overview the difference between sharia mutual fund performance and conventional mutual fund performance. This research takes place in Bapepam-LK which is in its official site www.bapepam.go.id.The populations in this research are all of mutual funds that managed by...

This paper aims to evaluate the performance of A-type Turkish funds between January 2009 and November 2014. This study period coincides with the period of quantitative easing during which developing economies in financial markets have been influenced dramatically. Thanks to the increase in the...

[This item is a preserved copy. To view the original, visit http://econtheory.org/] This paper considers an auction design framework in which bidders get partial feedback about the distribution of bids submitted in earlier auctions: either bidders are asymmetric but past bids are disclosed in an...

Mass media consumption has increasingly been found to adversely impact upon psychological states but research has largely neglected the potential influence of media onaspirations. An experiment demonstrates aspirational incomes to be dramatically altered by a textual narrative despite it not...

This dissertation investigates two fundamental questions related to how well exchange-traded funds that hold portfolios of fixed-income assets (bond ETFs) proxy for their underlying portfolios. The first question involves price/net-asset-value (NAV) mean-reversion asymmetries and the...

The day-of-the-week effect is a market anomaly that manifests as the cyclicalbehaviour of traders in the market. This market anomaly was first observed by M.F.M.Osborne (1959). The literature distinguishes between two types of cyclical effects inthe market: the cyclical pattern of mean returns...

To what extent can hedge funds influence stock price volatility surrounding theannouncements of major corporate events? To answer this question, this paper examinesone of the more common major corporate events: seasoned equity offerings (SEOs). Wetest the impact of hedge fund variables on...

This paper analyzes convertible arbitrage, one of the most successful hedge fund strategies. The aim of the strategy is to exploit underpricing of convertible bonds by taking a long position in a convertible and a short position in the underlying asset. The authors find that convertible bonds...