Business Commons^™

Gender Effects In Hedge Funds Performance, Karen Yoke Wah Gan

Dissertations and Theses Collection (Open Access)

This paper shows that after controlling for total risks (as funds do not typically hold a completely large diversified portfolio) across different funds, female-managed funds appear to perform better in certain circumstances. For example, female-managed hedge funds perform better during post-crisis times, for investments using the Relative Value Style and also when investments are in the Asia excluding Japan region. However, there are still many conditions in which male-managed funds seem to perform better. Namely, male-managed funds performed significantly positive in the Relative Value, Security Selection, and Multiprocess Styles, notably during the pre-crisis period and also when investments are in …

An Action Design Research On Development And Deployment Of A Computer-Based Group Discussion Support Tool For Achieving Consensus And Culture Change At A Tertiary Educational Institution, Jaclyn Mui Suan Lee

Dissertations and Theses Collection (Open Access)

Organisational culture change is a long and complex process that typically takes years to complete and has a very low success rate. This Action Design Research Study in an educational setting, addresses the problem by the proposed use of an Action Design Research Methodology to build and deploy an IT artifact named Organisational Culture Assessment Instrument-Spilter (OCAI-Spilter) to speed up cultural change while reducing failure rate. OCAI-Spilter should be able to fast-track culture change by addressing the problem of scalability and process losses encountered in most change projects involving large numbers of people. We deploy an iterative prototyping process using …

Essays In Corporate Finance, Bingqiao Li

Dissertations and Theses Collection (Open Access)

Based on a constructed index measuring the corporate governance quality of public firms, this paper focus on the role of corporate governance and its association with the performance of Singapore Exchange listed firms. We investigate the following three aspects centred on the topic of firm corporate governance in Singapore.

First, we examine the performance of the Chinese firms listed on the Singapore Exchange (S-Chips) and the role of their corporate governance. S-Chips indeed underperform local firms in terms of Tobin’s Q within both univariate and multivariable frameworks, as well as base on size matched and Propensity Score Matching samples. Higher …

Ipo Performance And Trading Around Lock-Up Expiration, Yuchen Wang

Dissertations and Theses Collection (Open Access)

During the lock-up period, company insiders are prohibited from selling their shares for a set period immediately after initial public offerings (IPOs), usually 180 days. This strict prohibition limits the borrowing of securities by short sellers within this period. Therefore, upon reaching the lock-up expiry date, the short-sale constraint may be loosened and new investors may rush into the stock market, which affects asset price and stock return. This thesis focuses on the IPOs’ performance during the lock-up period and the reasons for the unusual performance. The first section commences by questioning the role of the short seller and its …