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Full-Text Articles in Business

The Structural Changes Of The Hedge Fund Industry Over Time, Simeon Kawakami Dec 2012

The Structural Changes Of The Hedge Fund Industry Over Time, Simeon Kawakami

Business/Business Administration

Historically, the hedge fund industry is one of the fastest growing investment classes in the last decade. This study looks to analyze the hedge fund industry structural changes from 1994 to 2010. A premise for this study is previous research which shows small funds tend to outperform large funds. Parameters are set to determine the classification of a fund being small, medium, or large. The asset flows to each category are tracked overtime in order to show structural changes. For each category the number of small, medium, and large hedge funds in tracked over time. The results are inconclusive in …


The Effectiveness Of Sell Discipline Strategies In Institutional Portfolios, Ryan Kennedy Dec 2012

The Effectiveness Of Sell Discipline Strategies In Institutional Portfolios, Ryan Kennedy

Business/Business Administration

Prospect theory predicts that individuals will be risk seeking when faced with a potential loss. An implication is that investors may be reluctant to sell losing stocks, leading to potentially greater losses. This study explores whether institutional portfolio performance is significantly related to the manager’s stated sell discipline strategy. Six distinct sell discipline approaches are compared using four performance metrics. As predicted by prospect theory, this study finds sell discipline to be a statistically significant factor in performance for all performance metrics. The results also show that the best sell discipline strategy is dependent on which performance metric is used.


Terrorisk: The Impact Of Terrorist Attacks On Sovereign Bond Yield Spreads Of Targeted Countries, Slava Rar Dec 2012

Terrorisk: The Impact Of Terrorist Attacks On Sovereign Bond Yield Spreads Of Targeted Countries, Slava Rar

Business/Business Administration

This study estimates the effects of terrorism incidents on a nation’s borrowing costs. An event study approach is used to evaluate changes in sovereign-bond yield spreads after terrorist attacks occur. Prior research is not in consensus on whether the effect of terrorism on bond markets is significant, and no study shows why certain bond indices may rise while others may fall after a terrorist attack. This study does not find statistical significance, which suggests that the effect of an attack may depend on the targeted country. For terrorist researchers, this study is one step toward answering whether terrorists can manipulate …


Stock Returns And The Franchise Value, Sean Landrigan May 2012

Stock Returns And The Franchise Value, Sean Landrigan

Business/Business Administration

An accurate predictive model of a firm’s future performance has been long sought after in the finance field. This study examines the relationship of a firm’s franchise value, using the Franchise Factor, to its Price-to-Earnings ratio as one model of performance. Using the firms in the S&P 1,500 as the data sample, this study also examines the effects of market value along with the franchise value to price-to-earnings ratio. The results show that the franchise value to price-to-earnings ratio, even when controlling for the firm’s market value, was in fact predictive of individual companies’ stock returns between 2000 and 2009.


Determinants Of The Success Of Active Vs. Passive Investment Strategy, Richa Birla May 2012

Determinants Of The Success Of Active Vs. Passive Investment Strategy, Richa Birla

Business/Business Administration

This study documents the monthly performance of active versus passive investing over the last 25 years. It also identifies several variables that are closely related to the current and next month’s success of one over the other. Three useful factors identified include the Fed funds rate, the VIX volatility index, and Russell Investments’ CrossVolTM index. All three are valuable in explaining and predicting the success of active management to certain extent.


Student-Athletes & Academic Success: A Comparison Of The Graduation Rates, Gpa And After College Success Of Student-Athletes And Regular Students, Julia Forster May 2012

Student-Athletes & Academic Success: A Comparison Of The Graduation Rates, Gpa And After College Success Of Student-Athletes And Regular Students, Julia Forster

Business/Business Administration

No abstract provided.


A Qualitative & Quantitative Analysis: Qualcomm, Incorporated Vs Visasat, Incorporated, Daina Migdel May 2012

A Qualitative & Quantitative Analysis: Qualcomm, Incorporated Vs Visasat, Incorporated, Daina Migdel

Business/Business Administration

No abstract provided.


Correlating Qualitative Performance With Quantitative Performance: Investigating The Financial Benefit Of Good Corporate Citizenship, Neema Moghadam May 2012

Correlating Qualitative Performance With Quantitative Performance: Investigating The Financial Benefit Of Good Corporate Citizenship, Neema Moghadam

Business/Business Administration

No abstract provided.


In Their Defense: Arguments In The Debate Over The Use Of Corporate Takeover Defenses And Their Policy Implications, Scott Ruling May 2012

In Their Defense: Arguments In The Debate Over The Use Of Corporate Takeover Defenses And Their Policy Implications, Scott Ruling

Business/Business Administration

No abstract provided.