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% leverage limit would lower the total demand (assets under management) for hedge funds by 10%. In particular, the regulation …We estimate an investors' demand model for hedge funds to analyze the potential impact of leverage limits in the … industry. Our estimation results highlight the importance of heterogeneous investor preference for the use of leverage, i …
Persistent link: https://www.econbiz.de/10010403629
% leverage limit would lower the total demand (assets under management) for hedge funds by 10%. In particular, the regulation …We estimate an investors’ demand model for hedge funds to analyze the potential impact of leverage limits in the … industry. Our estimation results highlight the importance of heterogeneous investor preference for the use of leverage, i …
Persistent link: https://www.econbiz.de/10011140970
This paper presents the direct vs. indirect debate of hedge fund regulation and attempts to find which approach is … concern regarding investors protection have recently brought the attention of the regulators to hedge fund regulation issue … paper observes the systemic importance of hedge fund industry based on four criteria's [size, leverage, interconnectedness …
Persistent link: https://www.econbiz.de/10012952763
, regulation has the unintended consequences of inspiring strategic thinking and organizational differentiation; reducing … busy assessing the results of regulation on comparative organizational capabilities, resulting in greater partnering across …
Persistent link: https://www.econbiz.de/10011096784
significant declines in leverage. However, we also find numerous separable effects for variables measuring regulation, competition … leverage and a significant decrease in employment, while price regulation significantly increases profitability. Major … investment spending increase significantly after privatisation, while employment and leverage decline significantly. However …
Persistent link: https://www.econbiz.de/10011608788
This study takes a comprehensive look at the overall flexibility of regulatory governance in Korea, including the design, implementation, and monitoring of the many issues surrounding regulatory reform that stand in the way of innovation growth. Based on the findings of the analysis, the paper...
Persistent link: https://www.econbiz.de/10014263111
Kathryn Judge of Columbia University documents how financial intermediaries persistently impose high fees compared to the value rendered, attributes this to political influence, and suggests countervailing policy strategies, including stoking competition and enhancing disclosure to reduce...
Persistent link: https://www.econbiz.de/10011492987
the role of regulation, and e) we outline behavioural factors (particularly, managerial anxiety) which may impact the … debate on regulation of hedge funds …
Persistent link: https://www.econbiz.de/10013128473
Most investor coordination remains undisclosed. I provide empirical evidence on the extent and consequences of investor coordination in the context of hedge fund activism, in which potential benefits and costs from coordination are especially pronounced. In particular, I examine whether hedge...
Persistent link: https://www.econbiz.de/10012903659
This paper studies the effect of stock liquidity on blockholder governance. Conditional upon acquiring a stake, liquidity reduces the likelihood that a blockholder governs through voice (intervention) – as shown by the greater propensity to file Schedule 13Gs (passive investment) than 13Ds...
Persistent link: https://www.econbiz.de/10012940410