We investigate the effectiveness of window-dressing as a potential strategy to be used by mutual fund managers to promote fund flows. Using a rank gap measure as a proxy for the likelihood that window-dressing has occurred, we find that fund investors as whole punish those managers who are suspected to have engaged in window-dressing. That is, we find a negative relation between the window-dres...

according to statistics released by agricultural insurance fund (aif) less than 4 million acres out of 90 million acres has been covered by pastures insurance. this observation along with several facts motivated authors to study possible barriers which pastures insurance has been encountered in practice. the research population included all the experts in agricultural insurance fund. small popu...

The local composite operator A2 is analysed in pure Yang-Mills theory in the Landau gauge within the algebraic renormalization. It is proven that the anomalous dimension of A2 is not an independent parameter, being expressed as a linear combination of the gauge β function and of the anomalous dimension of the gauge fields. Research Assistant of The Fund For Scientific Research-Flanders, Belgium...

A concept relating story-board description of video sequences with spatio-temporal hierarchies build by local contraction processes of spatio-temporal relations is presented. Object trajectories are curves in which their ends and junctions are identified. Junction points happen when two (or more) trajectories touch or cross each other, which we interpret as the “interaction” of two objects. Tra...

This paper discusses the performance pattern of US private equity fund from 2003 to 2013, measuring the effect of fund size and other fund characteristics as well as macroeconomic conditions on fund performance. The results shows that the number of historical investment decisively influences the performance of funds, and funds whose inception is at the peak of economic expansion seem to perform...

Abstract In order to solve problems in investor and venture fund managers remuneration paid mechanism, the paper presents the asymmetric information games existing in construction mechanism through information economics viewpoints. The paper building investor and venture fund managers remuneration paid mechanism based on principalagent theory, remuneration excitement and risk constraints. The r...

New global public health institutions are increasingly emphasizing transparency in decision-making, developing-country ownership of projects and programmes, and merit- and performance-based funding. Such principles imply an institutional response to the challenge of bridging the "know-do gap", by basing decisions explicitly on results, evidence and best practice. Using a knowledge systems frame...

This paper analyzes the relationship between fund flow and fund managers' trading behavior with regard to the disposition effect, which is as the tendency of fund managers cash more winner stocks of portfolio holdings rather than losers. The evidence shows that the disposition effect (DE) exists among professional fund managers and the effect is linearly and negatively correlated with the magni...

Sweden's new multipillar pension system includes a system of mandatory fully funded individual accounts. The Swedish system offers contributors more than 600 fund options from a variety of private-sector fund managers. However, in the most recent rounds of fund choice, more than 90 percent of new labor market entrants have not made an active choice of funds and thus have ended up in a governmen...