The market for financial derivatives is far and away the largest and most powerful market in
the world, and it is growing exponentially. In 1970 the yearly valuation of financial …

Purpose–The purpose of this paper is to examine the continuing search for evidence that
good corporate governance leads to positive organizational outcomes, and it presents a …

The market portfolio contains important information for purposes of strategic asset allocation.
One could consider it a natural benchmark for investors. The authors composed the invested …

This paper analyses the investment performance of Australian superannuation funds and
their managers over the period from January 1973 to June 1981. The analysis indicated that …

The investment performance of Unit Trusts and Mutual Funds has been extensively
researched in the United States and in Britain. However, in Australia relatively little …

The purpose of the paper is to select the right market proxy for calculating the expected
return, since critically evaluating proxies or selecting the correct proxy market portfolio is …

Several hurdles hamper the commercialization of (scientific) knowledge, especially in
Europe. Both from a financial and operational perspective, opportunities emerge for new …

The idea of a free, open and well-developed securities market is premised on the hypothesis
that the competing judgments of buyers and sellers regarding a security's fair price will drive …

We describe the narrative framework called modern portfolio theory, including mean-
variance optimization, the capital asset pricing model, arbitrage pricing theory, and the …

Recent entrepreneurship research characterises investments as the very essence of
entrepreneurship, supplanting the discovery or creation of opportunities. M&A activity must …