We investigate the performance of funds that specialise in cryptocurrency markets. In doing so, we contribute to a growing literature that aims to understand the role of digital assets as an investment. Methodologically, we implement a novel panel bootstrap approach that samples jointly the...

Initial Public Offering (IPO) outcomes are affected by the social capital of firm's chief executive officer (CEO), proxied by CEO's network centrality that identifies individual position within the hierarchy of all business executives worldwide. IPOs with CEOs who possess higher social capital...

Although there has been a substantial flow of money over the last twenty years into index tracking funds and ETFs, the vast majority of equity investment in mutual funds is still being managed on an active, discretionary basis. In the US and the UK active management still accounts for around 75%...

Using daily mutual fund returns data from January 2000 to December 2017, we find that smaller funds perform better on Mondays, Tuesdays and Wednesdays whereas larger funds perform better on Thursdays and Fridays in terms of market-adjusted return, CAPM alpha, 3-Factor alpha and 4-Factor alpha....