We investigate whether hedge fund and commodity trading advisor [CTA] return variance is conditional upon performance in the first half of the year. Our results are consistent with the Brown, Harlow and Starks (1994) findings for mutual fund managers. We find that good performers in the first...

We use an iterative relocation algorithm to identify factors

ERES:conference

"The purpose of this paper is to develop a transaction-based hotel property (real estate) price index for the UK (HPPI). Transaction-based indices overcome reliability problems of appraisalbased indices because actual transaction values are used as opposed to subjective appraised values....

Funded by MIF, CAF and Calmeadow, this MicroRate report provides a snapshot of how the impact of the global financial crisis evolved during the last quarter of 2008. The study combines data and interviews from 52 microfinance institutions (MFIs) and 23 microfinance investment vehicles (MIVs)....

Despite decades of academic endeavor, introspection is still regarded with suspicion in marketing and consumer research. Articles predicated upon introspection are unwelcome in leading journals and its exponents are considered dissidents, outsiders, renegades, rather less than fully integrated...

This paper studies operational risk in the hedge fund industry using due diligence reports. Many funds suffer from operational problems, including limited disclosure of legal and regulatory issues. We use direct evidence of inadequate or failed internal processes to derive a canonical...

Myths have come of age in consumer research. In the 22 years since Levy’s inaugural article, the literature has grown at an impressive rate. Yet important questions remain unanswered: What makes some myths especially meaningful to consumers? Why are certain consumer myths more prevalent and...

proceedings that pursue those bearing the greatest responsibility for the electoral violence that has plagued the country since the early 1990s. The ICC is thus Kenya?s only hope for breaking the country?s record of complete impunity, which would constitute an unprecedented achievement....

Mandatory disclosure is a regulatory tool intended to allow market participants to assess operational risk. We examine the value of disclosure through the controversial SEC requirement, since overturned, which required major hedge funds to register as investment advisors and file Form ADV...