Using a large international sample of 35 developed and emerging markets, we analyze whether Islamic indices exhibit a different performance to conventional benchmarks. While there is no compelling evidence of performance differences in robust Sharpe ratio tests and after controlling for market...

The changing trends in the Asian construction sector are creating both new opportunities for and threats to the domestic construction organizations. To improve the competitiveness of these organizations, senior managers are tasked with the responsibility of selecting and implementing improvement...

Performance-Based Budgeting (PBB) System is one of the latest techniques achieved in the development process of modern budgeting systems. The system basically requires public institutions to prepare budgets in accordance with market-focused administration approach. The system is based on...

We study two principal mechanisms suggested in the literature to correct the serial correlation in hedge fund returns and the impact of this correction on financial characteristics of their returns as well as on their risk level and on their performances. The methods of Geltner (1993), its...

In the Libyan construction industry, the supervising engineer plays an important role in checking time schedules and protecting the client from delays and associated claims but there is no existing means of determining their proficiency in performing this task. A list of factors identifying a...

In this performance evaluation study, two questions are addressed. First, do active fund managers possess macro and micro forecasting skills that deliver superior risk-adjusted returns? Second, what is the nature of market timing/stock selectivity trade off in the generation of alpha? The...

Digital capital refers to the intangible assets gained through knowledge and relationships. The explosion of internet usage and funding initiatives in electronic banking has drawn the attention of researchers towards internet banking. Therefore, the purpose of this study is to explore the...

In this paper, a polling model with finite queues to analyse a production system that is operating under a pull-type control mechanism is studied. The polling model is analysed under three well-known service policies namely, exhaustive, gated and g-limited. These policies determine when and how...

Subcontractors handle a major portion—about 85%—of all construction projects in the building industry. The ability of the main contractor and consultants to deliver the project within time, quality and cost targets depends largely on the performance of the subcontractors. Selection of...

For project control during construction, evaluating the performance of contractors is usually established through progress measurement that compares the actual performance to the planned performance. Corrective actions and/or performance penalties are then established as relative measures that...