explanations of stock price fluctuations. They examine in detail the mainstream neo-classical theory with its emphasis on the … being inherently prone to speculation and crisis, in contrast to the neo-classical approach which largely ignores the …

others. This statement coincides with the increasing use of arbitrage-related hedge fund strategies whereas it collides with … Werner examines aggregate short sales and convertible bond arbitrage, which is a typical hedge fund strategy that involves a … difference in the trading pattern, information content and resulting impact on stock returns of arbitrage- versus valuation …