We explore the cost of implicit leverage associated with an S&P 500 Index futures contract and derive an implied financing rate (the Futures-Implied Rate or FIR), based on a simple model of stock and futures, without any explicit arbitrage or other relationship to market interest rates. We...

We discuss the results of the statistical tolerance test of the General Administration Management component of the Capital Expenditure of the Bangalore Municipal Corporation which carries ahead our two previous connected studies (A. Sathyavathi (2023(a)), Analysis of the General Administration...

In continuation of our previous study (A. Sathyavathi (2023). Analysis of the General Administration Management Expenditure of the Bangalore Municipal Corporation https://www.ssrn.com/abstract=4403863 ; http://dx.doi.org/10.2139/ssrn.4403863 ) we propose to further analyze the sample of the...

In this very first paper of a series of forthcoming research papers of ours, which we propose to bring out in near future regarding the detailed statistical and mathematical analysis of the financial resources and the budget of the Bangalore Municipal Corporation (more appropriately now called...

The issue of performance measurement in the hedge fund industry has led to literature that is both abundant and controversial. The explanation for this complexity lies in the particular features of alternative funds. Hedge funds invest in a heterogeneous range of financial assets and cover a...

Since 2001, the Risk Management Group of the Basel Committee has been performing specific surveys of banks' operational loss data. The second loss data collection was launched in the summer of 2002: The 89 banks participating in the exercise provided the Group with more than 47,000 observations,...

This paper, which is being written to provide an overview of the multitude of publications we have seen on hedge fund performance, is the result of a reading and analysis of about 200 studies on this subject. About 50 publications in the most famous journals and working papers written by...

Seasonality has been a major research area in economics for several decades. The paper assesses the recent development in the literature on the treatment of seasonality in economics, and divides it into three interrelated groups. The first group, Pure Noise Models, consists of methods based on...

Seasonality has been a major research area in economics for several decades. The paper asses the recent development in the literature on the treatment of seasonality in economics, and divides it into three interrelated groups. The first group, the Pure Noise Model, consists of methods based on...

We examine the impact of providing a "no-choice" option in an attribute based valuation experiment. The aim of the experiment was to assess monetary values of cockle fishery management practices in the Dutch Wadden Sea for different stakeholder groups, namely Dutch citizens, local residents, and...