Achieving desired exposures to information sources is critical to successful active investing. A portfolio manager, for example, wants to increase her portfolio's exposure to a signal — how long will it take? By how much should she change the signal's weight? How will exposures to other...

Drawing upon the science of complexity we propose a network-centric, complex-systems internationalization (NCCSI) perspective of firm internationalization that can help us understand observed patterns of internationalization that are difficult to explain using traditional theories. While...

Under the CAPM assumptions, the market capitalization weighted portfolio is mean-variance efficient. In real world applications it has been shown by various authors that low risk portfolios outperform the market capitalization weighted portfolio. We revisit this anomaly using high-frequency data...

This paper provides a tribute to Edmond Malinvaud's contributions to econometrics. We overview the primary original contributions in Edmond Malinvaud's masterful work The Statistical Methods of Econometrics. This advanced text developed a complete treatment of linear estimation theory using...

Regulatory arbitrage — defined as the manipulation of regulatory treatment for the purpose of reducing regulatory costs or increasing statutory earnings — is often seen in heavily-regulated industries. An increase in the regulatory nature of copyright, coupled with rapid technological...

Purpose - The paper aims at supporting innovation into Philosophy of Science approach on the humankind long-term task of aggregation and desaggregation of information. This is a systemic task, involving human ideas and ITC by boosting synergy, non-entropy, and ephemeral efficiency properties at...

There is the possibility to affirm on a very surprising (methodological) equivalence, beyond a historian space-time, between two important attempts toward the forever difficult "problem solving": I: Consolation of Philosophy, by Roman philosopher and mathematician Boetius (ca. 480–524 or 525),...

This chapter summarizes leading critiques of law and economics. For the most part, we put aside objections to particular applications of law and economics to distinct fields of law. We focus on rather general criticisms that properly apply to widely shared core commitments within the field of...

The interpretive critique is primarily focused on economics as a system for understanding markets as a dynamic process of human interactions and exchange. It does not equate economics with the market but instead understands economics as one of several ways of interpreting the market. The...

This interdisciplinary study, which references previous research on the evolution of land law and real world examples of land market operating with unclear property boundaries, demonstrates that Ronald Coase’s argument that delimitation of property rights is a prelude to market transaction...