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The way the SWF activity has intensified in the last 7 years asks for a more detailed analysis of these financing-development methods. The field of financing by sovereign wealth funds is currently less explored by the scientific literature and it can underlie the current and near future...
Persistent link: https://www.econbiz.de/10011122627
This paper investigates the determinants of the investment activity of Sovereign Wealth Funds (SWFs) at a macro level …¿½contrarian� investment behaviour, i.e. increasing their acquisitions in countries where crises hit. The results are shown to be valid if we …
Persistent link: https://www.econbiz.de/10011099703
The paper examines the rise of Sovereign Wealth Funds (SWFs) as a new source of financing investment worldwide and …
Persistent link: https://www.econbiz.de/10010896311
African countries that export commodities. The author describes the investment targets of African SWFs, using empirical data … and a research method based on a detailed analysis of available information on the investment activities of SWFs in the …
Persistent link: https://www.econbiz.de/10011194230
This article assesses the effectiveness of a long collar as a protective strategy. We examine the risk/return characteristics of a passive collar strategy on the Powershares QQQ trust exchange traded fund (Ticker: QQQQ) from March 1999 to March 2008 and find that, over this time period, a...
Persistent link: https://www.econbiz.de/10012706059
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
–2008 global financial crisis has negatively affected both CB-M&A sale and purchase transactions all over the world from 2008 to …
Persistent link: https://www.econbiz.de/10011111203
This paper examines the puzzlingly high unexploited momentum returns from a new perspective. We analyze characteristics of momentum traders in a sample of 692 fund managers. We find that momentum traders are "defined" by their short-term horizon, by a behavioural view on the market and by a...
Persistent link: https://www.econbiz.de/10008465056
Our questionnaire survey finds that most fund managers rely on the strategies of buy-and-hold, momentum and contrarian trading. These strategies are typically applied mutually. Their use is rooted in the attributes and beliefs of the respective fund managers: buy-and-hold traders behave...
Persistent link: https://www.econbiz.de/10005138921
This paper provides evidence for a causal effect of equity prices on corporate investment and employment. We use fire … whose stocks are most underpriced have considerably lower investment and employment than industry peers not subject to any … fire sale discount. The causal effect of underpricing on investment is found to be largely concentrated on the most …
Persistent link: https://www.econbiz.de/10010664046