Business giving, the tsunami and corporates as rock stars: some implications for arts funding?

Author(s):

Paul Palmer

The article considers alternative scenarios for company giving in disaster contexts, including as a sustained and lasting giving theme or as company support as a 'one-off ' event, rock-star style. The likely development of employee power as a key element in company giving is explored; and its wider meanings for funding in arts settings, (where the giver as rock star heroine/hero is also prominent) are considered.

Updated: 21/10/2011
Comments:
Views: 5,413

The gross truth about hedge fund performance and risk: the impact of incentive fees

Author(s):

Andrew Clare

 et al.
Industry:
Banking

In this paper, we show that due to the particular nature of hedge fund incentive contracts, the use of net of fee returns can lead to considerably biased estimates of factor exposures which can distort the picture of fund manager performance.

Updated: 24/10/2011
Comments:
Views: 5,274

Optimism and portfolio choice

Author(s):

Gulnur Muradoglu

Industry:
Any Industry

This study develops three heuristics to measure financial optimism: financialexpectation, a priori optimism, and a posteriori optimism. This paper finds that financial optimism has a significant positive effect on risk taking behaviour.

Updated: 24/10/2011
Comments:
Views: 6,723

The good, the bad and the ugly: a guide to M&A in distressed times

Author(s):

Scott Moeller

Industry:
Any Industry

The M&A Research Centre (MARC) at Cass Business School has, in collaboration with Allen & Overy, Credit Suisse, Deloitte and FT/Mergermarket, conducted a comprehensive study of the M&A environment in distressed times.

Updated: 05/02/2013
Comments:
Views: 8,620

Reflections on leadership in South Africa

David Sims, Professor of Organisational Behaviour at Cass and Head of the Faculty of Management, shares his impressions of a recent trip he made to South Africa in the autumn of 2009, where he lead an elective on Leadership in Complex Situations for Cass Exectuvite MBA students.

Updated: 02/11/2011
Comments:
Views: 7,533

Prospective utility and time-varying optimal asset allocation for the UK: 1803-1995

Author(s):

Stephen Thomas

In this talk, Professor Thomas re-examines one approach based on myopic loss aversion, while incorporating time variation in returns distributions.

Updated: 06/03/2012
Comments:
Views: 7,528

Risk management before and after the Credit Crunch: how will the crisis change the theory and the practice of investment risk management?

Some risk models failed badly during the credit crunch. Numerous commentators, including Lord Turner in his March 2009 Review, have raised fundamental questions about the validity of Value at Risk (VaR) as a measure of risk. This talk reviews the lessons from the credit crunch. Not all models performed badly but many did, and for a variety of different reasons.

Updated: 06/03/2012
Comments:
Views: 9,496

Long term interest rates since 1870

Author(s):

Geoffrey Wood

Industry:
Banking

Professor Wood uses in his talk new data and modern time series econometrics to examine the relationship between interest rates, prices and inflation in Britain from 1870 to 2006 for which reliable data are available.

Updated: 06/03/2012
Comments:
Views: 7,201

Why forecasts differ (and why they are so bad)?

Author(s):

Roy Batchelor

Industry:
Banking

Economic forecasters have not had a good press recently. Only the mavericks saw the global recession coming. Analysts forecasting company earnings have never had a great press. Their forecasts seem horribly inaccurate and often overoptimistic, with some dragged through the courts after telling their clients to buy and their friends to sell.

Updated: 06/03/2012
Comments:
Views: 5,702