cases, trust-related active share delivers superior performance, whereas the economic magnitude is larger for cross … significantly affect the development of financial intermediaries and the efficiency of global investment. …

-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 …

: a) providers differ in efficiency and there are two types of provider; b) efficiency is private information (adverse …

We use a comprehensive dataset of Funds-of-Hedge-Funds (FoFs) to investigate performance, risk and capital formation in … superior performance over time. In keeping with this implication, we provide evidence that even successful hedge funds have … experienced a recent, dramatic decline in risk-adjusted performance. …

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 …

This Paper investigates whether the efficiency effect of product market dispersion is a function of the infrastructural … translog production functions on a large 1992-99 panel of manufacturing firms, we find that the efficiency impact of market …