Articles

• Stress Testing with a Credit Risk Model
• How Many Banks does it Take to Lend? Empirical Evidence from Europe
• Diversification Portfolio Strategies and Financial Integration: Toward a European Capital Market?
• Risk Management of CPPI Funds in Switching Regime Markets

Focus On

• Why do Firms go private? Motivations, Performance and International Issues

Articles

• CEO Compensation and Managerial Performance: An Analysis of US Non-Financial Firms
• Calendar Spreads in Commodity Futures Markets, Risk Premium and the Convenience Yield
• Hedge Fund Returns and Factor Models: A Cross Section Approach

Focus On

• A New Classifi cation of Exotic Options

Articles

• Passive Investing before and after the Crisis: Investors’ views on exchange-traded funds and competing index products
• Stock Volatility, Institutional Ownership and Analyst Coverage
• The Contribution of Emerging Markets to International Diversification
• VaR and Omega Measures for Hedge Funds Portfolios: A Copula Approach

Focus On

• Microcredit Contracts

Articles

• Comparing the Value Relevance of Earnings and Book Value in IFRS and GAAP Standards
• Credit Risk Evaluation: The Econometric vs the Structural Approach
• The Fund Synthetic Index: An Alternative Benchmark for Mutual Funds
• Corporate Governance and Performance of French Listed Companies

Focus On

• Symmetric vs. Downside Risk Measures in Portfolio Decisions

Articles

• SME Reliance on Bank Debt in France
• Real Estate Brokers: Do they Infl ate Housing Prices?
• Capital Structure Determinants and Convergence

Focus On

• Bank Transparency: a Microeconomic and Macroeconomic Assessment

• How do oil prices affect stock returns in GCC markets? An asymmetric cointegration approach