After having presented the religious rules which govern the Sharia-Compliant (SC) funds four samples of pairs (SC funds vs conventional) are constituted: 32 Malaysian funds over 2005-2009 (of which 11 over 2000-2010) and 13 international funds over 5 years (of which six over 10 years). The size...

This study aims to investigate the black market on gold in Paris during the Second World War. Based on documents from the Banque de France and French National archives, we discover that this black market was not so black since it was well known and tolerated by the German army and French police....

We focus on the effect of state versus private ownership on the rates of firm-specific productivity growth and cost decline by developing a model of endogenous, firm-specific productivity growth and testing its implications against panel data on 23 international airlines of varying levels of...

We study two principal mechanisms suggested in the literature to correct the serial correlationin hedge fund returns and the impact of this correction on financial characteristics of their returnsas well as on their risk level and on their performances. The methods of Geltner (1993), its...