income taxation privacy reduces welfare losses and increases the effectiveness of public education as a second best policy. …

We use a comprehensive dataset of Funds-of-Hedge-Funds (FoFs) to investigate performance, risk and capital formation in … experienced a recent, dramatic decline in risk-adjusted performance. … the hedge fund industry over the past ten years. We confirm the finding of high systematic risk exposures in FoF returns …

Performance indicators are increasingly used to regulate quality in health care and other areas of the public sector …

We analyse the effect of ownership on post-privatization performance in a virtually complete population of medium and … ownership improves economic performance, but domestic private ownership does not, relative to state-owned firms. Foreign firms … increasing profit. Ownership concentration is associated with superior performance, thus providing support to the agency theory …

against our data. We find that team size affects the impact of the incentive scheme upon performance. Moreover, while the …

In this paper firm level data are used to test whether competition affects productivity performance in three transition … pressure has a positive impact on firm performance in Hungary and Slovenia, but not in Romania, while in Romenia short …-run competitive pressure has a positive impact on performance. The paper also finds evidence that ownership matters. Traditional firms …

-advertising families. At the family level, flows have a convex relation with advertising expenditures, similar to that for performance … redemptions rather than increasing purchases of fund shares. We further find that advertising can affect the fund’s flow-performance …

cases, trust-related active share delivers superior performance, whereas the economic magnitude is larger for cross …