Purpose The paper aims to identify the differences between developed and developing country
firms with respect to firm-specific and country-level determinants of their capital structure. …

We review the literature on derivatives in emerging markets. This young but booming
literature appears to be concentrated on a few countries, but is quite rich in terms of subject …

Purpose The purpose of this paper is to examine the performance of US mutual funds that
invest primarily in emerging market equities and bonds. Design/methodology/approach The …

The defined-benefit pension system poses substantial, long-term risks for the US economy.
We describe a flexible asset-liability management (ALM) system for pension planning. The …

As baby boomers contemplate retirement, it is important to understand what, how, and where
they plan to maximize their well-being. The senior living industry is especially interested as …

We review the literature on empirical asset pricing in emerging markets. This literature is
quite diverse and almost thirty years old. To make this task manageable, we focus on equity …

Leading pension plans employ asset and liability management systems for optimizing their
strategic decisions. The multi-stage models link asset allocation decisions with payments to …

The market reaction speeds to the news flow are currently measured at the millisecond level
in developed markets. We investigate, using a unique setting from Turkey, whether the …

… Mulvey and Simsek (2002) illustrate the benefits of surplus optimisation via dynamic … As an
example, Mulvey and Simsek (2002) present a stochastic program for the asset allocation of a …

Selected hedge funds employ trend-following strategies in an attempt to achieve superior
risk-adjusted returns. We employ a lookback straddle approach for evaluating the return …