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While it is established that idiosyncratic volatility has a negative impact on the cross-section of future stock returns, the relationship between idiosyncratic volatility and future hedge fund returns is largely unexplored. We document that hedge funds with high idiosyncratic volatility...
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We provide evidence that CEO equity incentives, especially stock options, influence stock liquidity risk via … disclosure policy. Contributing to the literature on CEO risk-taking, we document a positive association between CEO options and … future systematic stock liquidity risk. Controlling for endogeneity, we show that information disclosure quality is an …
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An easy-to-use quantitative risk analysis model is developed for the private security industry in South Africa, which … concepts such as the probability, impact, cost of risk, degree of correction and the newly established human factor concept …, which cannot be seen in isolation. This latter concept plays a major part in the overall risk quantification process in …
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