Browsing
     by title


0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

or enter first few letters:   
OK
Full Text
Peer Reviewed
See detailThe Market Timing Skills of Hedge Funds during the Financial Crisis
Hübner, Georges ULg; Sougné, Danielle ULg; Cavé, Arnaud ULg

in Managerial Finance (2011), vol 38(issue 1), 4-26

The performance of a market timer can be measured through the Treynor and Mazuy (1966) model, provided the regression alpha is properly adjusted by using the cost of an option-based replicating portfolio ... [more ▼]

The performance of a market timer can be measured through the Treynor and Mazuy (1966) model, provided the regression alpha is properly adjusted by using the cost of an option-based replicating portfolio, as shown by Hübner (2010). We adapt this approach to the case of multi-factor models with positive, negative or neutral betas. This new approach is applied on a sample of hedge funds whose managers are likely to exhibit market timing skills. We stick to funds that post weekly returns, and analyze three hedge funds strategies in particular: long-short equity, managed futures, and funds of hedge funds. We analyze a particular period during which the managers of these funds are likely to magnify their presumed skills, namely around the financial and banking crisis of 2008. Some funds adopt a positive convexity as a response to the US market index, while others have a concave sensitivity to the returns of an emerging market index. Thus, we identify “positive”, “mixed” and “negative” market timers. A number of signs indicate that only positive market timers manage to acquire options below their cost, and deliver economic significant performance, even in the midst of the financial crisis. Negative market timers, by contrast, behave as if they were forced to sell options without getting the associated premium. We interpret this behavior as a possible result of fire sales, leading them to liquidate positions under the pressure of redemption orders, and inducing negative performance adjusted for market timing. [less ▲]

Detailed reference viewed: 98 (18 ULg)
Full Text
See detailThe Market Valuation of Corporate Restructuring in the Netherlands
Corhay, Albert ULg; Tourani Rad, Alireza

in Sander, Harald; Kim, Kwan; Foster, Stephen (Eds.) et al Economic and Corporate Restructuring: Experiences and Challenges of the Decade (1996)

Detailed reference viewed: 14 (2 ULg)
Full Text
See detailLe marketing de l'innovation
Choffray, Jean-Marie ULg

in Entreprendre et innover (1985)

Synthèse de la réflexion menée par un groupe de travail initié par la FNEGE, et ayant abouti au Colloque "Entreprendre et Innover" organisé en décembre 1984 à Grenoble.

Detailed reference viewed: 144 (0 ULg)
Full Text
Peer Reviewed
See detailMarketing in Nollywood
Jedlowski, Alessandro ULg

in Mingant, Nolwenn (Ed.) Film Marketing Into the Twenty-First Century (2015)

Detailed reference viewed: 22 (3 ULg)
Full Text
Peer Reviewed
See detailMarketing Science: Formalisation et Exploitation des Connaissances Marketing
Choffray, Jean-Marie ULg; Laurent, Gilles

in Helfer, J.P.; Orsoni, J. (Eds.) Encyclopédie du management (1992)

Le marketing est un domaine en pleine mutation. La transformation fondamentale de cette fonction de l'entreprise, suite à la décentralisation des capacités de calcul, à l'automatisation des procédures de ... [more ▼]

Le marketing est un domaine en pleine mutation. La transformation fondamentale de cette fonction de l'entreprise, suite à la décentralisation des capacités de calcul, à l'automatisation des procédures de recueil de l'information sur le comportement d'achat, ouvre de nouvelles perspectives en matière d'acquisition, de formalisation et de transfert des connaissances. [less ▲]

Detailed reference viewed: 41 (3 ULg)
Full Text
See detailLe Marketing stratégique et opérationnel, 6° Edition
Lambin, Jean-Jacques; Chumpitaz, Ruben; de Moerloose, Chantal ULg

Book published by Dunod - 6th (2005)

Detailed reference viewed: 255 (32 ULg)
See detailMarketing-Expert: Logiciels d'Aide à la Décision
Choffray, Jean-Marie ULg

Book published by McGraw-Hill (1985)

Detailed reference viewed: 56 (7 ULg)
Full Text
See detailMarkets flash graphs
Choffray, Jean-Marie ULg

E-print/Working paper (2015)

A graph is worth a hundred words... A good graph may suggest some new heuristics. And…, a series of excellent graphs may provide the backbone of a theory! The goal of this paper is to share a set of ... [more ▼]

A graph is worth a hundred words... A good graph may suggest some new heuristics. And…, a series of excellent graphs may provide the backbone of a theory! The goal of this paper is to share a set of graphs from multiple sources that offer as many flashes on current and past market conditions. Inevitably, these graphs reflect my own biases and questionings. They are not meant to induce any action aside, maybe, from their integration in a personal Information System. The Great Recession of 2008, whose consequences are still unfolding, has been for each of us a powerful invitation to modesty. We live in a world where improbable, unthinkable and impossible events happen every day... More than ever, it’s time to sit down, shut up, watch out, build graphs, and think… hard! [less ▲]

Detailed reference viewed: 233 (30 ULg)
Full Text
See detailA Markov chain model of power indices in corporate structures
Crama, Yves ULg; Leruth, Luc ULg; Wang, Su

E-print/Working paper (2009)

This paper proposes to use a game-theoretic framework in analyzing complex corporate networks, notably in measuring the ``amount of control'' of both direct and indirect shareholders. The values of the ... [more ▼]

This paper proposes to use a game-theoretic framework in analyzing complex corporate networks, notably in measuring the ``amount of control'' of both direct and indirect shareholders. The values of the indices are defined by complex voting games, composed by interlocked weighted majority games. This paper proposes a characterization of corporate networks in which the notion of ``control'' can be well defined, as well as an algorithm that consistently estimates the power indices when it is the case. [less ▲]

Detailed reference viewed: 33 (1 ULg)
Full Text
Peer Reviewed
See detailMarks & Spencer: A Landmark Decision?
Richelle, Isabelle ULg

in Haslehner, Werner; Kofler, Georg; Rust, Alexander (Eds.) Landmark Decisions of the ECJ in Direct Taxation (2015)

Every professional dealing with taxation in the European Union will greatly appreciate this extraordinarily useful book. Based on a high-level conference held at the University of Luxembourg in 2014, the ... [more ▼]

Every professional dealing with taxation in the European Union will greatly appreciate this extraordinarily useful book. Based on a high-level conference held at the University of Luxembourg in 2014, the book presents detailed expert summaries and analyses of landmark ECJ decisions in direct taxation, each case a starting point for the development of a specific doctrine. The depth of the analysis, as each author charts a way through the nuances of the Court’s arguments, allows the reader to gain an unparalleled understanding of changes in the relevant subsequent jurisprudence. [less ▲]

Detailed reference viewed: 57 (4 ULg)
Full Text
Peer Reviewed
See detailMarlowe, Edouard II ; De Quincey, Confessions d'un mangeur d'opium anglais
Maes-Jelinek, Hena ULg

in Revue des Langues Vivantes = Tijdschrift voor Levende Talen (1967), 33(4), 440-440

Detailed reference viewed: 12 (0 ULg)
Full Text
See detailLa marmite et le ragoût
Jacquemain, Marc ULg

in Brausch, Géraldine; Delruelle, Edouard (Eds.) L'inventivité démocratique aujourd'hui : le politique à l"épreuve des pratiques (2005)

Critical general theory, mainly from the marxist tradition seems to see society as dominated from above : social crativity can be compared with a stew in a pot that is above to explode if one does not ... [more ▼]

Critical general theory, mainly from the marxist tradition seems to see society as dominated from above : social crativity can be compared with a stew in a pot that is above to explode if one does not take off the lid. From various parts of social theory (Boltanski, Negri, Castoriadis...) we can present an alternative view where domination has penetrated within the pot : contradictions are not only between the bottom and the top but everywhere within society and inside people themselves. A critical theory must accomodate this view that seems more convincing than the traditional one. [less ▲]

Detailed reference viewed: 35 (3 ULg)
Full Text
Peer Reviewed
See detailMarocains de Belgique : du travailleur immigré au citoyen transnational
Bousetta, Hassan ULg; Martiniello, Marco ULg

in Hommes & Migrations (2003), 1242(Mars-Avril), 94-106

Detailed reference viewed: 223 (15 ULg)
See detail'Maroons'
Pagnoulle, Christine ULg

in Literary encyclopedia (2006)

In the 17th and 18th centuries slaves rebelled and ran away. Those who made it to the hills of the Caribbean islands were called Marroons. The tradition of independent living has perdured, and has now ... [more ▼]

In the 17th and 18th centuries slaves rebelled and ran away. Those who made it to the hills of the Caribbean islands were called Marroons. The tradition of independent living has perdured, and has now become part of a critical literary approach. [less ▲]

Detailed reference viewed: 42 (8 ULg)
Full Text
See detailMARPOL Project, Madagascar
Rigo, Philippe ULg; Toderan, Catalin

Report (2003)

Recommendations pour l'application des directives MARPOL à MAdagascar. Mission d'identification.

Detailed reference viewed: 63 (1 ULg)
Peer Reviewed
See detailMarquage casuel des dépendants nominaux du verbe en ancien français: approche dépendancielle
Mazziotta, Nicolas ULg

in Neveu, Franck; Blumenthal, Peter; Gerstenberg, Annette (Eds.) et al 4e Congrès Mondial de Linguistique Française. Berlin, Allemagne, 19-23 Juillet 2014 (2014)

Detailed reference viewed: 18 (1 ULg)