Three essays on hedge funds characteristics, performance, risk and managerial incentives
This dissertation studies hedge funds' characteristics, performance and risk, as well as their managerial incentives. In essay one, we find that similar to non-financial industries, there is a balanced allocation to business risk and financing risk in hedge funds. Empirically we find stylized p...
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| Language: | ENG |
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ScholarWorks@UMass Amherst
2006
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| Online Access: | https://scholarworks.umass.edu/dissertations/AAI3215918 |