holding characteristics that are conducive to run-risk in cash-like asset pools, as well as providing evidence on the time …

-issue accounting performance, but that its stock performance during the first year following the IPO is considerably lower than average … stock performance during the first year following the IPO is even lower. This, together with negative first day returns, is … regarding client firms to float the stock of the cherries, not the lemons (as measured by post-issue accounting performance …

. This way, one bank's dividend payout policy affects the equity value and risk of default of other banks. When such negative …

in turn are other banks. This way, one bank's dividend payout policy aects the equity value and risk of default of otther …

the labour market for traders intensifies, banks optimally offer top traders contracts inducing them to take more risk … to reduced risk-taking by their top traders. …

In this Paper we study the impact of credit risk transfer (CRT) on the stability and the efficiency of a financial …

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 …

-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 …