What matters for financial development? Capital controls, institutions, and interactions

MD Chinn, H Ito - Journal of development economics, 2006 - Elsevier
We investigate whether financial openness leads to financial development after controlling
for the level of legal development using a panel encompassing 108 countries over the …

Style investing

NC Barberis, A Shleifer - 2012 - direct.mit.edu
One of the clearest mechanisms of human thought is classification, the grouping of objects
into categories based on some similarity among them (Rosch and Lloyd 1978; Wilson and …

Hedge funds and the technology bubble

M K. BRUNNERMEIER, S Nagel - The journal of Finance, 2004 - Wiley Online Library
This paper documents that hedge funds did not exert a correcting force on stock prices
during the technology bubble. Instead, they were heavily invested in technology stocks. This …

An econometric model of serial correlation and illiquidity in hedge fund returns

M Getmansky, AW Lo, I Makarov - Journal of financial economics, 2004 - Elsevier
The returns to hedge funds and other alternative investments are often highly serially
correlated. In this paper, we explore several sources of such serial correlation and show that …

[BOOK][B] Beyond varieties of capitalism: Conflict, contradictions, and complementarities in the European economy

B Hancké, M Rhodes, M Thatcher - 2007 - books.google.com
Since the early 1990s, Europe's economies have been facing several new challenges: the
1992 single market programme, the collapse of the Berlin wall and eastward enlargement …

Role of managerial incentives and discretion in hedge fund performance

V Agarwal, ND Daniel, NY Naik - The Journal of Finance, 2009 - Wiley Online Library
Using a comprehensive hedge fund database, we examine the role of managerial incentives
and discretion in hedge fund performance. Hedge funds with greater managerial incentives …

Hedge funds: Performance, risk, and capital formation

W Fung, DA Hsieh, NY Naik… - The Journal of …, 2008 - Wiley Online Library
We use a comprehensive data set of funds‐of‐funds to investigate performance, risk, and
capital formation in the hedge fund industry from 1995 to 2004. While the average fund‐of …

The economics and finance of hedge funds: A review of the academic literature

V Agarwal, KA Mullally, NY Naik - Foundations and Trends® …, 2015 - nowpublishers.com
Hedge funds have become increasingly important players in financial markets. This
heightened importance has spawned a large academic literature focused on issues …

Hedge funds: A dynamic industry in transition

M Getmansky, PA Lee, AW Lo - Annual Review of Financial …, 2015 - annualreviews.org
The hedge-fund industry has grown rapidly over the past two decades, offering investors
unique investment opportunities that often reflect more complex risk exposures than those of …

Hedge fund performance 1990–2000: Do the “money machines” really add value?

GS Amin, HM Kat - Journal of financial and quantitative analysis, 2003 - cambridge.org
We investigate the claim that hedge funds offer investors a superior risk-return tradeoff. We
do so using a continuous-time version of Dybvig's (1988a),(1988b) payoff distribution pricing …