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Recent financial crises and scandals have focused attention on the system of governance and disclosure in a way many may never have imagined and few welcomed. Not only do reforms appear to be necessary to protect shareholders as well as other stakeholders, but also to develop a different...
Persistent link: https://www.econbiz.de/10008790526
Previous studies have documented that Data Envelopment Analysis(DEA) could be a good tool to evaluate fund performance,especially the performance of hedge funds as it can incorporatemultiple risk-return attributes characterizing hedge fund's nonnormal return distribution in an unique performance...
Persistent link: https://www.econbiz.de/10008791478
This paper aims to analyze hedge fund index behavior over the 9-year period ranging from January 1994 to December 2002 with help of various statistical measures. The results indicate that hedge fund returns are not normally distributed and exhibit first order autocorrelation, a phenomenon known...
Persistent link: https://www.econbiz.de/10008793593
This paper aims at reexamining the construction of indicators of standards of living, by focussing on the challenges raised by the subjectivity and the multidimensionality of living conditions. For that purpose, we propose to apply Choquet integral-based multiattribute value theory to the...
Persistent link: https://www.econbiz.de/10010930201
Since the 1990s, poverty and the ways to reducing it have become a central paradigm in development economics, not only … theme of research in development economics, by poverty and its reduction, together with an expansion of the meanings of the … concept of poverty. The key points of the paper are that this shift represents a crucial turning point in the conceptual …
Persistent link: https://www.econbiz.de/10009372663
French but also European economies are driven by micro, small and medium enterprises. However, evidence shows that micro-enterprises, representing 99 per cent of all newly created businesses, suffer from a lack of external resources, especially those created by socially excluded persons....
Persistent link: https://www.econbiz.de/10009368025
inference with poverty indices is satisfactory. We find that the major cause is the extreme sensitivity of many inequality …
Persistent link: https://www.econbiz.de/10010750903
Traditional poverty measures fail to indicate the degree of risk of becoming or remaining poor that households are … confronted to. They can therefore be misleading in the context of implementing poverty reduction policies. In this paper I … propose a method to estimate an index of ex ante vulnerability to poverty, defined as the probability of being poor in the …
Persistent link: https://www.econbiz.de/10010899409
on poverty to explore the poverty-reducing role of social protection during financial crises. Using advanced panel data … techniques to deal with endogeneity issues, we find that financial crises are associated with slower reductions in the poverty … headcount and the poverty gap. Crises lead to 526,400-555,000 additional poor people and to an increase of 4.7-10.6 percentage …
Persistent link: https://www.econbiz.de/10010899439
The aim of this paper is to evaluate the relative influence of neighbourhood and individual practices of care utilization in Dakar (Senegal). The data from a research program on urban malaria, made in Dakar, Senegal between 2008 and 2009. The sample was based on a two-stage sampling. A...
Persistent link: https://www.econbiz.de/10010899486