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Does the Measure Matter in the Mutual Fund Industry?

It is frequently noted that investment funds with a nonnormal return distribution cannot be adequately evaluated using the classic Sharpe ratio. However, recent research compared the Sharpe ratio with other performance measures and found virtually identical rank ordering using hedge fund data. We extend this research by analyzing a large data set of 38,954 funds investing in seven…

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English / 01/05/2008

Disentangling alliance management processes: decision making, politicality, and alliance performance

Using a sample of 106 organizations engaged in strategic alliances, we develop and test a framework of alliance-related organizational decision-making processes and their impact on alli-ance performance. With regard to direct effects, our results show a negative impact of decision-making recursiveness and no significant relationship for openness and procedural rationality.…

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English / 01/05/2008

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