Extreme market movements, especially in recent years, prompt our efforts to better understand the complexities of market dynamics. This paper seeks a better understanding of the features that characterize market environments through time. Specifically, we first demonstrate how market distress...

We document the existence of an anomalous asset growth effect globally and find that it comprises some combination of a market mispricing and some pervasive global systematic risk. To support our findings, we explore a battery of tests to include how country-level governance and market...

The hedge fund industry has grown from $200 billion in assets under management around the turn of the millennium to now over $3 trillion. Many reports have criticized hedge funds for poor performance, particularly since the 2008 global financial crisis (GFC). In this paper, I seek to demystify...

The ICJ judgment of Diallo case gives us the opportunity to discern the coordination and competition between traditional diplomatic protection and international investment protection regime. In this preliminary observations, I summary three possible approaches of the ICJ tribunal concerning the...

The presence of asymmetry in the distribution of financial returns is an important factor that should be considered in optimal portfolio allocation and is also closely related to the recognition and measurement of financial risk. This study adopts a method based on bootstrapping proposed by Lisi...

Doctrinal analysis of IIAs explains little about the convergence in contents yet divergence in forms of IIAs. The evolutionary paradox of IIAs regime demands the political analysis of international legal Process. As a complex system, the long term evolution of IIAs regime is oriented by shift of...

Chinese Abstract:...