This paper presents an analysis of the relative importance and influence of various socio-economic, institutional and systemic factors considered relevant to portfolio managers' risk perception of securities. The analysis is based on data from a 1990 survey in which twenty institutional...

Measuring the performance of a portfolio manager (PM) is an important concern of financial theory. La mesure de la performance des gestionnaires de portefeuille est un sujet d’importance majeure en finance.

In this paper, the hypothesis that the liability insurance market for small municipalities in the province of Quebec functions "as if contestable" is tested. In light of our results, we cannot reject the hypothesis that the general liability market is indeed contestable. On the contrary, we...