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financial advisors to negatively affect capital allocation throughout the overall economy.This Article draws on literature about … non-traded real estate investment trusts and closed-end funds to illustrate how financial advisor conflicts of interest … contribute to inefficient capital allocation and inefficiency in the market for institutional intermediation.To address this …
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In this paper we introduce the notion of themes as an additional investment dimension beyond asset classes, regions …, sectors and styles, and we propose a framework to allocate to thematic investments at a strategic asset allocation level. The …
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We highlight herding of investors as one major risk factor that is typically ignored in statistical approaches to portfolio modelling and risk management. Our survey focuses on smart-beta investing where such methods and investor herding seem particularly relevant but its negative effects have...
Persistent link: https://www.econbiz.de/10012022287
In this paper, we investigate a primary potential impact of leveraged buyout (LBOs) transactions: the effects of LBOs on the peers of the LBO target in the same industry. Using a data sample based on US LBO transactions between 1985 and 2016, we investigate the impact of the peer firms in the...
Persistent link: https://www.econbiz.de/10013491549
The paper aims to examine the effects of global economic policy uncertainty and monetary policy on corporate investment … that monetary policy, relative risk in fixed investment, and the risk-adjusted return gap between financial and fixed … uncertainty impedes real investment. In addition, findings also expect that investment depends on internal funds extracted from …
Persistent link: https://www.econbiz.de/10013404426