entrepreneurship and is also engaged in lecturing courses on Organization Theory, Academic Skills, and International Strategy. He is a …: The Conventional Wisdom in Strategy -- Chapter 4: Strategic Optionality: Introducing the Idea -- Chapter 5: Optionality …This book offers a fresh approach to strategy by examining the idea of Optionality. Optionality is the right, but not …

performance of hedge funds both in the cross-section and over time. We measure uncertainty about volatility of the market …This paper investigates empirically whether uncertainty about volatility of the market portfolio can explain the … at the overall index level, at different strategy levels, and at an individual fund level. After controlling for a large …

the performance of hedge funds both in the cross-section and over time. We measure uncertainty via volatility of aggregate …This paper investigates empirically whether uncertainty about the expected returns on the market portfolio can explain …, at different strategy levels, and at an individual fund level. We find that funds with low (more negative) VOV betas …

We attempt to answer the following questions: What are the revaluation effects and the impact on performance … liberalization across firms. Large firms tend to exhibit large revaluation effects, insignificant change in performance, large …, improved performance, smaller decline in volatility and decreases in correlation after liberalization. These results hold after …