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This paper introduces a cross-country law and finance analysis of the regulatory impact on the level of capital flows and the sensitivity of capital flows in response to prior performance (that is, the ‘flow-performance' relationship) in the hedge fund industry. The data indicate that...
Persistent link: https://www.econbiz.de/10013157606
regulated or largely exempted from regulation, the newly regulated funds experienced a significant decrease in reported profits …
Persistent link: https://www.econbiz.de/10012841071
This study investigates the impact of excessive regulation on private equity (PE) returns and firm performance. History … shows that extreme regulation and prohibition reduce the supply of capital and raise returns (e.g., as with drugs and … diamonds). However, for value-added investors such as PE funds, extreme regulation also reduces the quality of capital and fund …
Persistent link: https://www.econbiz.de/10013106627
This study investigates the impact of excessive regulation on private equity (PE) returns and firm performance. History … shows that extreme regulation and prohibition reduce the supply of capital and raise returns (e.g., as with drugs and … diamonds). However, for value-added investors such as PE funds, extreme regulation also reduces the quality of capital and fund …
Persistent link: https://www.econbiz.de/10013068474
international differences in hedge fund regulation are significantly associated with the propensity of fund managers to misreport … wealth transfer to differences in hedge fund regulation …
Persistent link: https://www.econbiz.de/10013139847
This paper tests the idea that financial regulation can impact performance persistence in the context of the hedge fund … industry in 48 countries over the years 1994-2008. The data show evidence of three types of regulation influencing performance … institutional investors, enhance performance persistence. Finally, we show differences in the effect of regulation on persistence by …
Persistent link: https://www.econbiz.de/10013115500
This paper tests the idea that financial regulation can impact performance persistence in the context of the hedge fund … industry in 48 countries over the years 1994-2008. The data show evidence of three types of regulation influencing performance … institutional investors, enhance performance persistence. Finally, we show differences in the effect of regulation on persistence by …
Persistent link: https://www.econbiz.de/10013105273
-competitive regulation underlying Open Banking projects in the EU, UK, Australia and other jurisdictions as the true game-changer approach …
Persistent link: https://www.econbiz.de/10012838414
Focusing on the 2016 US money market funds (MMFs) reform, this study assesses the impact of removing rating-based rules on the behavior of regulated investors and on market prices. Difference-in-differences fund-level and security-level analyses show a positive impact of the reform on the level...
Persistent link: https://www.econbiz.de/10012896779