The authors decomposed their estimated pre-fee 1995–2009 hedge fund return of 11.13
percent into fees (3.43 percent), an alpha (3.00 percent), and a beta (4.70 percent). The year-by-…

Using jumps in stock prices as a proxy for large information shocks, we provide evidence
consistent with short-term underreaction in the US equity market. Strategies long (short) stocks …

Financial planners and advisors increasingly recognize that human capital must be taken
into account when building optimal portfolios for individual investors. But human capital is not …

We show evidence that consistent with category-learning behavior, investors allocate more
attention to macroeconomic news than to firm-specific news, such as earnings …

Both practitioners and academics have long disputed whether investors should choose
dollar-cost averaging (DCA) or lump sum investing (LS) as their investment strategy. While the …

It is illegal to make unauthorized copies of this article, forward to an unauthorized user or to
post electronically without Publisher permission. that have a high information ratio, that is, …

In this paper, we construct a new measure of fund performance by combining two commonly
used measures, namely, the Sharpe ratio and the second-degree stochastic dominance (…

Web technology has enabled e-commerce. However, in our review of the literature, we found
little research on how firms can better position themselves when adopting e-commerce for …

Existing literature documents that cross-sectional stock returns exhibit both price momentum
and earnings momentum. In this paper, we examine whether commonly used style and …

In this study, we seek to better understand the value of information technology (IT) in supply
chain contexts. Grounded in the resource-based theory in conjunction with transaction cost …