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Essays on Real Estate Investment Trusts
Wang, Yunqing - 2007
may be sensitive to the choices of the model and the market index being used. The second essay examines the liquidity of … Asian REITs. We use various measures to assess the liquidity of JREITs and SREITs. The overall evidence indicates that the … liquidity of JREITs is greater than that of SREITs. Comparing to non-REIT stocks, JREITs are less liquid than Japanese common …
Persistent link: https://www.econbiz.de/10009451060
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Three Essays on Hedge Fund Fee Contracts, Managerial Incentives and Risk Taking Behaviors
Zhan, Gong - 2011
Essay OneUnder the principal-agent framework, we study and compare different compensation schemes commonly adopted by hedge fund and mutual fund managers. We find that the option-like performance fee structure prevalent among hedge funds is suboptimal to the symmetric performance fee structure....
Persistent link: https://www.econbiz.de/10009468230
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14.661 Labor Economics I, Fall 2006
Pischke, Jorn-Steffen; Angrist, Joshua - 2006
Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …
Persistent link: https://www.econbiz.de/10009432547
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The weekend trading profitability: evidence from international mutual funds
Mazumder, M. Imtiaz; Miller, Edward M.; Varela, Oscar Albert - 2005
The weekend effect is described as the tendency for Monday security returns to be low (or negative) compared to other days of the week. The weekend effect may not be exploited by trading individual stocks because of transactions costs. However, the institutional characteristics of the US-based...
Persistent link: https://www.econbiz.de/10009468584
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Can the business cycle be used to create predictable mutual fund outperformance?
Aquino, Michael - 2007
This study attempts to determine the degree to which the state of the macroeconomy can be used to create a mutual fund investment strategy that consistently outperforms the S&P 500. By quantifying how systematic economic factors affect the relative performance of different fund strategies...
Persistent link: https://www.econbiz.de/10009474981
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Inside or Outside: The Social Mechanisms of Entrepreneurship Choices. Evidence from the Mutual Fund Industry.
Kacperczyk, Aleksandra J. - 2009
Actors often leave in pursuit of new ventures, even though entrepreneurial opportunities may exist inside the firm. While a bulk of work has focused on understanding the determinants of entrepreneurial transition (e.g., Aldrich and Ruef, 2006; Dobrev and Barnett, 2005; Robinson and Sexton, 1994; Sørensen,...
Persistent link: https://www.econbiz.de/10009476582
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Three essays in empirical finance
Risik, Elizabeth A. - 2010
In the first chapter of this dissertation, entitled “Signaling and Value Creation in Mergers,” I analyze the acquirers in both withdrawn and completed merger deals to disentangle the effects of signaling from those of target valuation and expected synergies. Completed stock (cash) acquirers...
Persistent link: https://www.econbiz.de/10009477978
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Competing Size Theories and Audit Lag: Evidence from Mutual Fund Audits
Cullinan, Charles P. - 2003
theory), (2) that larger clients have shorter lags because auditors are more willing to complete the audit quickly to retain … larger clients (the client service theory), and (3) that larger clients have more transactions to audit, resulting in longer … audit delays (the transactions theory). Mutual funds are required to prepare financial statements daily, eliminating any …
Persistent link: https://www.econbiz.de/10009450216
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Two Essays Relating to Mutual Fund Performance
Welch, Steven J. - 2007
In two unrelated papers, we examine different aspects of mutual fund performance and other issues. In the first chapter, we look at exchange-traded funds (ETFs) and how they differ from index funds in performance and tracking error. Using daily data and a more comprehensive sample than past...
Persistent link: https://www.econbiz.de/10009451070
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The weekend trading profitability: evidence from international mutual funds
Mazumder, M. Imtiaz; Miller, Edward M.; Varela, Oscar - 2005
The weekend effect is described as the tendency for Monday security returns to be low (or negative) compared to other days of the week. The weekend effect may not be exploited by trading individual stocks because of transactions costs. However, the institutional characteristics of the US-based...
Persistent link: https://www.econbiz.de/10009451080