Institutional problems and the corruptive use of social capital give ground for misuse ofinstitutional gaps and cause intentional failures for financial benefits. Based on socialcapital theory and transaction cost economics (TCE) this paper describes how theinstitutional environment in the...

The introduction of cross-compliancemechanism in the European Union with its 2003 CAP-reformmight affect the costs of production and thuscompetitiveness of the EU. Little evidence is available toasses the costs of compliance with regulations and it implicationfor trade. In this study a farm...

Market neutral hedge funds are attractive portfolio constituents when they eliminate market risk. Is this the case for the relatively new investable market neutral hedge fund indices? Given the significant growth in index investing and the number of investable hedge fund index products, we...