"Using daily returns on a set of hedge fund indices, we study (i) the properties of the indices' conditional density functions and (ii) the presence of asymmetries in conditional correlations between hedge fund indices and other investments and between hedge fund indices themselves. We use the...

Economists commonly control for neighborhood indicators, such as median income, in underwriting models that test for redlining. Many such indicators are highly correlated with neighborhood racial composition and therefore have the capacity to "explain away" the role of race in lending decisions....

Global supply chains (GSCs) are confronted with the phenomenon of hyper-competition. For this reason there seems to be an increasing necessity for GSCs to build up competitive advantage in order to survive. Strategic flexibility is assumed to have positive effects on generating required...

Firms tend toward local search when they continue to build on own technological knowledge. Therefore, technological exploration has usually been associated with some form of boundary spanning activities. In line with previous research this study focuses on organizational or external...

This paper investigates the impact of diversity on corporate philanthropy. Compared to previous studies that have considered the influence of board diversity and CEO gender on corporate philanthropy, this study introduces the concept of operational diversity, which is the implementation of...

A large midwestern hospital is expecting an increase in surgical caseload. New operating room (OR) capacity can be had by building new ORs or extending the working hours in the current ORs. The choice among these options is complicated by the fact that patients, surgeons and surgical staff, and...