This paper tests whether portfolio managers can make reliable predictions of the portfolio variance with available risk measures. Using out-of-sample tests, we compare four sets of models for their ability to predict portfolio variance. The models are based on: (I) time series of returns, (ii)...

With the explosive growth of transnational dealings, professionals in developed countries have expanding opportunities to spread their particular ways of doing things around the world. However, missionary work, whether religious or secular, raises difficult questions about ends and means. What...

This chapter is a draft of the first of five case studies in my 2015 book Ethics in Public Life: Good Practitioners in a Rising Asia. The case studies relate the experiences of specific practitioners in identified Asian contexts, struggling to act purposefully and conscientiously within their...

The place of ethics in the curriculum of schools of public management and policy is not a settled matter. One common approach, called applied ethics, relies primarily on the work of academic philosophers and follows a two-stage process: first, work out the guiding principles (in the academy,...

It is widely held that there are no indigenous roots in China for the rule of law; it is an import from the West. The Chinese legal tradition, rather, is rule by law, as elaborated in ancient Legalist texts such as the Han Feizi. According to the conventional reading of these texts, law is...