Factor-based allocation embraces the idea of factors, as opposed to asset classes, as the ultimate building blocks of … way of combining factors in a portfolio. We provide a comprehensive comparison of factor-based allocation strategies … within a multiple testing framework. Factor-based allocation is profitable, even when applying the necessary multiple testing …

systematically review the profit allocation, decision sequence, and compliance aspects of these contracts. In addition to the … existing concepts in the literature, we propose the notion of sample-path flexibility in profit allocation. Based on precise … allocation, sequence independence, and voluntary compliance. We also obtain sufficient conditions for coordinating supply chains …

whether external governance pressure from short selling disciplines internal resource allocation. Firms treated with short …

This study examines seven variables for Global Tactical Sector Allocation (GTSA) purposes. We construct 10 global … costs. To the best of our knowledge, a global sector allocation study with such a long sample period and with such a broad …

the expected information ratio of an actively managed portfolio. The tracking error allocation framework is a three … consequences of an optimum tracking error allocation …

equity based on the theory of storage. We find that an investor who optimally considers the information conveyed by the whole …