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Leistung von Hedgefonds und der optimalen Portfolioauswahl untersucht werden.Das erste Kapitel dieser Doktorarbeit beschäftigt … sich mit dem Problem der nicht dokumentierten Erträge nach dem "delisting" des Hedgefonds. Es handelt sich um eine …-Renditen, basierend auf einem Dach-Hedgefond vorgeschlagen. Hierbei repräsentiert ein Dach-Hedgefonds ein Portfolio von Hedgefonds, welche …
Persistent link: https://www.econbiz.de/10009471779
Gegenstand der Arbeit sind verschiedene qualitative und quantitative Aspekte von Hedgefonds, welche f?r ein umfassendes … Verst?ndnis der Anlageklasse von zentraler Bedeutung sind. Die Arbeit enth?lt daher zun?chst eine Einf?hrung zu Hedgefonds … einzelnen Hedgefonds-Handelsstrategien, den zugeh?rigen Risikofaktoren und den spezifischen Eigenschaften von Dachhedgefonds …
Persistent link: https://www.econbiz.de/10009482318
Eine langfristige und nachhaltige Steigerung des Unternehmenswerts als zentrales Unternehmensziel fordert eine konsequente, wertorientierte Ausrichtung aller Unternehmensteile und -aktivit?ten. Das Risikomanagement, welches stets im Rahmen einer integrierten Betrachtung von Ertrags- und...
Persistent link: https://www.econbiz.de/10009482328
This paper examines how one firm’s commitment to provide more public disclosure affects other firms’ disclosure practices in subsequent periods. I develop an investor demand-driven explanation for why and when firms adopt the disclosure innovation of a first-mover firm. I test the hypothesis...
Persistent link: https://www.econbiz.de/10009439050
Although U.S. restaurant firms face high risks in diversifying their operations internationally, there are no previous studies that motivate international diversification. If international diversification is risky then why do restaurant firms go abroad? This study focuses on one potential...
Persistent link: https://www.econbiz.de/10009467958
This study is an empirical examination of a new theory that links dividends to institutional ownership in a framework of both information signaling and agency costs. Under this theory put forth by Allen, Bernardo and Welch in 2000, dividends are paid out to attract tax-favored institutional...
Persistent link: https://www.econbiz.de/10009475022
In the first essay, I examine the association between auditor industry specialization and earnings management choices. Prior research suggests that industry specialist auditors constrain accounting-based earnings management. But such actions may cause client companies to seek alternative means...
Persistent link: https://www.econbiz.de/10009475890
The first chapter analyzes both the disposition effect and trading performance at the individual level to determine whether and how investors learn from their trading experience. The study finds that performance improves and the disposition effect declines as investors become more experienced,...
Persistent link: https://www.econbiz.de/10009477557
This thesis presents two essays in Corporate Finance. In the first essay, I use the August 2007 crisis episode to gauge the effect of financial contracting on real firm behavior. I identify heterogeneity in financial contracting at the onset of the crisis by exploiting ex-ante variation in...
Persistent link: https://www.econbiz.de/10009477629
In this thesis, I investigate diverse aspects of capital market efficiency in selected emerging markets. In chapter 2, the focus of analysis is on the role of trading volume and capitalisation in the process of information absorption by the stock prices. Empirical analysis is conducted for...
Persistent link: https://www.econbiz.de/10009460740