Mit dem Konjunkturtest, dem Innovationstest und dem Investitionstest des ifo Instituts liegt ein umfangreicher Datensatz der Unternehmen des verarbeitenden Gewerbes in der Bundesrepublik Deutschland vor, der es erlaubt, detaillierte Untersuchungen des Unternehmensverhaltens durchzuführen. Diese...

This study provides an update to Szado and Schneeweis [2010]. The original study covered the period from March 1999 through May 2009. This updated study extends the period of analysis through September 2010. The credit crisis and the associated decline in equity markets rekindled new interest in...

In this analysis, we simply take a step back and remind investors and researchers alike, that there is no simple answer to the dependency of empirical results on the data, period of analysis, or methods of quantitative analysis used to address issues of academic research. Over a common time...

The data and time dependency of empirical financial research is a common concern to both academics and practitioners. Changes in regulatory, trading and investor environments may result in dramatic changes in the underlying viability of any investment vehicle and/or trading process. This is...

Under the Commodity Exchange Act, all individuals and firms (with certain exceptions) that intend to do business as futures professionals must register with the Commodity Futures Trading Commission (CFTC). The commission has authorized the National Futures Association (NFA), a self-regulatory...

Private equity is a widely encompassing term for any equity-type investment in a company that generally is not listed on a stock exchange. Private equity investment strategies represent an increasingly significant component of institutional portfolios.According to the Russell Survey on...

The growth in hedge fund has in part been due to their historical return to risk performance. Concern, however, has been expressed that one reason for the superior return to risk tradeoff for hedge funds, is that, unlike traditional mutual funds, hedge funds often trade in illiquid securities...