The business strategy literature offers apparently opposite views of the ability of vertical
integration to cope with the uncertainty related to changing regulatory environments. In this paper…

This is the first comprehensive study of VIX futures ETNs. This empirical research into their
statistical characteristics motivates the development of a sub-class of these notes based on …

This paper analyzes the asset allocation problem of an investor who can invest in equity
and cash when there is time variation in expected returns on the equity. The solution …

● This paper reviews several aspects of the asset allocation debate and offers observations
to reshape or provide a fresh perspective. ● The first area of exploration is the debate over …

This paper is an empirical assessment of the comparative efficiency of governance structures
in an environment marked by high uncertainty. We analyze the short-term impact of retail …

This paper analyzes the asset allocation problem of an investor who can invest in equity
and cash when there is time variation in expected returns on the equity. The solution …

By blending theoretical and empirical approaches, the authors suggest that an allocation to
emerging-markets stocks can enhance a portfolio's long-term risk-adjusted returns. The …

Asset and liability management is the simultaneous consideration of assets and liabilities in
strategic investment planning. The asset and liability management models in the literature …

Asset and liability management is the simultaneous consideration of assets and liabilities in
strategic investment planning. In this chapter, asset and liability management models that …

Academics writing from the perspectives of economics, strategic management, and organization
theory have devoted decades of research to how economic regulation and deregulation …