Many trading, investing and structured product applications require narrow, liquid basket that efficiently track the market. In this paper, we examine tracking efficiency and turnover of highly liquid baskets, which track the investable European stock market as represented by the S&P Europe 350...

In this paper we address the question whether insider ownership affects corporate performance. Evidence coming from studies dealing with Anglo-Saxon countries is rather inconclusive, especially because it seems that results are significantly affected by endogeneity. Economically, this is due to...

In this paper, we present a new approach to measure the returns of private equity investments based on a stochastic model of the dynamics of a private equity fund. Our stochastic model of a private equity fund consists of two independent stages: the stochastic model of the capital drawdowns and...