Investment Decisions
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The Private Use of Credit Ratings: Evidence from Investment Mandates
Ever since the global financial crisis in 2008, credit ratings have been subject to increased scrutiny.
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Irrelevance of Governance Structure
The central theme in corporate governance is that allocating more control rights to shareholders will allow them to hold disloyal manager
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Investment Returns and Distribution Policies of Non-Profit Endowment Funds
Endowment funds are repositories for gifts and operating surpluses generated by non-profit organizations. Often described by their
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Stock Market Short-Termism’s Impact
Stock-market-driven short-termism is crippling the American economy, according to legal, judicial, and media analyses.
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Co-Investments of Sovereign Wealth Funds in Private Equity
Direct investments are the preferred vehicle for large institutional investors to have control over their portfolio investments.