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How would Hedge fund regulation affect investor behavior? : implications for systemic risk
Minamihashi, Naoaki; Wakamori, Naoki - 2014 - This Draft: September 1, 2014
% leverage limit would lower the total demand (assets under management) for hedge funds by 10%. In particular, the regulation …We estimate an investors' demand model for hedge funds to analyze the potential impact of leverage limits in the … industry. Our estimation results highlight the importance of heterogeneous investor preference for the use of leverage, i …
Persistent link: https://www.econbiz.de/10010403629
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How Would Hedge Fund Regulation Affect Investor Behavior? Implications for Systemic Risk
Minamihashi, Naoaki; Wakamori, Naoki - 2014
% leverage limit would lower the total demand (assets under management) for hedge funds by 10%. In particular, the regulation …We estimate an investors' demand model for hedge funds to analyze the potential impact of leverage limits in the … industry. Our estimation results highlight the importance of heterogeneous investor preference for the use of leverage, i …
Persistent link: https://www.econbiz.de/10010427156
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Would Hedge Fund Regulation Mitigate Systemic Risk? Direct vs. Indirect Regulation Approach
Laura, Mehnaz - 2017
This paper presents the direct vs. indirect debate of hedge fund regulation and attempts to find which approach is … concern regarding investors protection have recently brought the attention of the regulators to hedge fund regulation issue … paper observes the systemic importance of hedge fund industry based on four criteria's [size, leverage, interconnectedness …
Persistent link: https://www.econbiz.de/10012952763
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Financial perspective: the unintended consequences of regulatory oversight and control — lessons from the banking and the asset/alternative funds industries
Militello, Professor Frederick - In: Journal of Financial Perspectives 2 (2014) 2, pp. 131-139
, regulation has the unintended consequences of inspiring strategic thinking and organizational differentiation; reducing … busy assessing the results of regulation on comparative organizational capabilities, resulting in greater partnering across …
Persistent link: https://www.econbiz.de/10011096784
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Sources of performance improvement in privatised firms: A clinical study of the global telecommunications industry
Megginson, William L.; Bortolotti, Bernardo; D'Souza, Juliet - 2001
significant declines in leverage. However, we also find numerous separable effects for variables measuring regulation, competition … leverage and a significant decrease in employment, while price regulation significantly increases profitability. Major … investment spending increase significantly after privatisation, while employment and leverage decline significantly. However …
Persistent link: https://www.econbiz.de/10011608788
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Fostering Innovation Growth through Regulatory Reform
Park, Jung-Soo - 2023
This study takes a comprehensive look at the overall flexibility of regulatory governance in Korea, including the design, implementation, and monitoring of the many issues surrounding regulatory reform that stand in the way of innovation growth. Based on the findings of the analysis, the paper...
Persistent link: https://www.econbiz.de/10014263111
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Berkshire versus KKR : Intermediary influence and competition
Cunningham, Lawrwence A. - 2015
Kathryn Judge of Columbia University documents how financial intermediaries persistently impose high fees compared to the value rendered, attributes this to political influence, and suggests countervailing policy strategies, including stoking competition and enhancing disclosure to reduce...
Persistent link: https://www.econbiz.de/10011492987
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Are All Activists Created Equal? The Effect of Interventions by Hedge Funds and Other Private Activists on Long-term Shareholder Value
Swanson, Edward P. - 2020
Numerous influential critics and corporate managers allege that activist investors demand changes that increase short-term stock prices at the expense of long-term shareholder value (“short-termism”). Research to-date focuses on hedge funds. We provide new evidence by using a larger sample...
Persistent link: https://www.econbiz.de/10012855257
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Activist Hedge Fund Success : The Role of Reputation
Wiersema, Margarethe - 2020
Activist hedge funds are the new breed of corporate raiders, yet we know little about how the management and board of target firms respond to activist investors. Using a behavioral perspective, we propose that the activist's reputation for being confrontational may serve as a signal that conveys...
Persistent link: https://www.econbiz.de/10012826162
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Hedge Funds and Cryptocurrencies : A Top-Down Analysis
Di Maio, Damiano - 2018
Cryptocurrencies and blockchain-based technologies represent one of the most debated topics in the financial services landscape. In this respect, during the past months several institutional investors, and namely hedge funds and their managers, have demonstrated a growing interest in the...
Persistent link: https://www.econbiz.de/10012918503