In this paper we reconsider the estimated deadweight costs for the emerging countries implied by the mean-variance portfolio model developed by Cooper and Kaplanis (1994) and general- ized by Sercu and Vanp¶ee (2007). We show both theoretically and empirically that estimated implicit investment...

In this paper we show that hedge fund returns may suffer from excess smoothness, positive kurtosis and negative skewness. We argue that these distribution properties cause standard mean-variance statistics to underestimate the true variability and beta, and overrate the true performance. We...

This paper presents a review of the available literature on solid waste management problems, with a particular focus on vehicle routing problems. The available papers are classified into different catego-ries with the purpose of providing the reader with a guide that facilitates his/her search...

This paper examined the role of positive and negative affect in the relationship between distributive justice expectations and applicants? intentions to recommend the organization or to litigate. In addition to direct positive/negative relationships between distributive justice expectations and...

We analyze the determinants of participation (whether to study) and schooling (where and what to study) in a public system of higher education, based on a unique dataset of all eligible high school pupils in an essentially closed region (Flanders). We .nd that pupils perceive the available...

Quite a few studies have considered efficiency at the bank branch level by comparing mostly a single branch network, while an abundance of studies have focused on comparing banking institutions. However, to the best of our knowledge no study has ever assessed performance at the level of the...

The influence of information technology on organizational structures has been extensively discussed in the literature (Hall, 1987; Lincoln and Kalleberg, 1990). Organizational structures typically have to be adapted in order to accommodate a new technology or change in accounting method, instead of...

The main focus of this article is to discern the ontological meaning of concepts related to sustainability. This fits within Linda Starke’s (1990) “hopeful signs” about the need for new ways of thinking about our common future instead of merely continuing with concrete policy changes...

A vivid but fragmented research tradition traces the economic ethic to religious beliefs and practices. The problem has a broad social- scientific relevance, referring to the more general problem of the societal relevance of religious practices and convictions on the one hand, and to the...