Showing 1 - 10 of 80
We address the question of whether hedge fund and private equity investments in public firms are motivated by corporate governance improvements. As opposed to traditional financial investors both HF and PE are likely to have the incentives to alleviate agency conflicts. However, against the...
Persistent link: https://www.econbiz.de/10010305724
Private equity funds and hedge funds are both alternative asset classes that are continuously growing in importance. Although they have different focuses, they share some characteristics. First of all, both have or allegedly have a significant impact on the economy as well as the financial...
Persistent link: https://www.econbiz.de/10010305729
Recent research reveals that hedge fund returns exhibit a range of different,possibly non-linear pay-off patterns. It is difficult to qualify all these patternssimultaneously as being rational in a traditional framework for optimal financial decisionmaking. In this paper we present a simple...
Persistent link: https://www.econbiz.de/10010324945
Standard risk metrics tend to underestimate the true risks of hedge funds becauseof serial correlation in the reported returns. Getmansky et al. (2004) derive mean,variance, Sharpe ratio, and beta formulae adjusted for serial correlation. Followingtheir lead, adjusted downside and global...
Persistent link: https://www.econbiz.de/10010326197
Ratios that indicate the statistical significance of a fund's alpha typically appraise its performance. A growing literature suggests that even in the absence of any ability to predict returns, holding options positions on the benchmark assets or trading frequently can significantly enhance...
Persistent link: https://www.econbiz.de/10010287049
This paper aims at analysing the mortality patterns of hedge funds over the period January 1994 to May 2008. In particular, we investigate the extent to which a spillover of risk among hedge funds through redemptions and failures of other funds has affected the probability of fund failure. We...
Persistent link: https://www.econbiz.de/10011605158
This paper analyzes naming behavior in Germany in the context of rapid social change. It begins with an overview of … general developments in naming in Germany over the last one hundred years, based on data from the German Socio-Economic Panel … War since we conclude that general developments in naming were disrupted by these two phenomena. Wartime brings …
Persistent link: https://www.econbiz.de/10010310930
This paper considers how companies use their own mass communication media to create, with the aid of metaphors, a legitimizing image of their practices. The analysis is based on the example of two banks, both of which undertook massive staff and cost reductions between 2001 and 2003. Downsizing...
Persistent link: https://www.econbiz.de/10010369050
The main purpose of this paper is to study how individual differences in implicit worldviews regarding categories … uses relationships. The difference is in distributions. More Westerners use categories than Easterners even though an … differs from the previous literature in that it uses unique data that represent implicit worldviews about categories and …
Persistent link: https://www.econbiz.de/10011400209
Multilokales Wohnen hat vielfältige Erscheinungsformen und diverse Anlässe, Zwecke und Zeitlichkeiten. Der Artikel dient als Wegweiser zwischen verschiedenen Kategorisierungsmustern im Hinblick auf den raumplanungsrelevanten Bedarf. Die Typenbildung muss einen Weg finden zwischen kontextueller...
Persistent link: https://www.econbiz.de/10012219950