Socially responsible investing has been around since the early 1990s and has many names,
the most common one being “ESG,” for environment, social, and governance. 1 There has …

Purpose–The purpose of this paper is to explore how hedge fund database biases
developed during the 2007‐2009 financial crisis. Design/methodology/approach–The …

The present article explores the application of randomized control techniques in empirical
asset pricing and performance evaluation. It introduces geometric random walks, a class of …

In Markowitz's (1952) portfolio theory, a reduction in volatility for a given level of expected
return is implied as being equivalent to an increase in diversification. The recent …

The impacts on the active management of investment portfolios of a) market concentration,
b) cross-sectional return dispersion and c) restrictions on short sales are explored in this …

The present article explores the application of randomized control techniques in empirical
asset pricing and performance evaluation. It introduces geometric random walks, a class of …

The biggest challenge in testing mutual funds for manager skill is the lack of a probability
distribution of returns under the null hypothesis of no skill. A methodology based on …

Market indices and peer group comparison are the most commonly used proxies to measure
a portfolio manager's relative performance and draw conclusions regarding a manager's …

This paper introduces a new concept, process attribution, and a new technique, SimIAn®,
developed to analyse the evidence of skill being employed in the different decisions …

with problems getting prominent that the domestic enterprises can not raise funds efficiently,
make investment decision scientifically and allocate financial resource rationally, this paper …