Narayan Y. Naik

London Business School - Institute of Finance and Accounting

Associate Professor of Finance

Sussex Place

Regent's Park

London NW1 4SA

United Kingdom

SCHOLARLY PAPERS

40

DOWNLOADS
Rank 660

SSRN RANKINGS

Top 660

in Total Papers Downloads

41,263

SSRN CITATIONS
Rank 1,139

SSRN RANKINGS

Top 1,139

in Total Papers Citations

419

CROSSREF CITATIONS

622

Scholarly Papers (40)

1.
Downloads 5,858 ( 1,468)
Citation 233

Hedge Funds: Performance, Risk, and Capital Formation

The Journal of Finance, Vol. LXIII, No. 4, August 2008
Number of pages: 44 Posted: 16 Aug 2005 Last Revised: 11 Jul 2011
PI Asset Management, LLC, Duke University - Fuqua School of Business, Imperial College London and London Business School - Institute of Finance and Accounting
Downloads 5,804 (1,477)
Citation 10

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hedge funds, funds-of-funds, performance, alpha, survival, flows, capacity constraints

Hedge Funds: Performance, Risk and Capital Formation

CEPR Discussion Paper No. 5565
Number of pages: 33 Posted: 27 Jun 2006
PI Asset Management, LLC, Duke University - Fuqua School of Business, Imperial College London and London Business School - Institute of Finance and Accounting
Downloads 54 (447,549)
Citation 82
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Hedge funds, performance, alpha, factor models, flow, funds-of-hedge funds

2.

On Taking the 'Alternative' Route: Risks, Rewards, Style and Performance Persistence of Hedge Funds

Number of pages: 39 Posted: 25 Feb 1999
Vikas Agarwal and Narayan Y. Naik
Georgia State University and London Business School - Institute of Finance and Accounting
Downloads 3,824 (3,079)
Citation 44

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3.

Performance Evaluation of Hedge Funds with Option-Based and Buy-and-Hold Strategies

Number of pages: 51 Posted: 04 Oct 2000
Vikas Agarwal and Narayan Y. Naik
Georgia State University and London Business School - Institute of Finance and Accounting
Downloads 3,250 (4,050)
Citation 50

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4.

Risk and Return in Convertible Arbitrage: Evidence from the Convertible Bond Market

Journal of Empirical Finance, Forthcoming
Number of pages: 57 Posted: 15 Aug 2008 Last Revised: 15 Jan 2011
Vikas Agarwal, William Fung, Yee Cheng Loon and Narayan Y. Naik
Georgia State University, PI Asset Management, LLC, Securities and Exchange Commission (SEC) and London Business School - Institute of Finance and Accounting
Downloads 2,875 (5,013)
Citation 4

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Hedge Funds, Convertible Bonds, Convertible Arbitrage, Supply, Risk Factors

5.

Flows, Performance, and Managerial Incentives in Hedge Funds

Number of pages: 44 Posted: 03 Nov 2003
Vikas Agarwal, Naveen D. Daniel and Narayan Y. Naik
Georgia State University, Drexel University - Department of Finance and London Business School - Institute of Finance and Accounting
Downloads 2,574 (5,998)
Citation 78

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6.

Hedge Funds: A Survey of the Academic Literature

Foundations and Trends in Finance, Forthcoming
Number of pages: 120 Posted: 27 Aug 2015
Vikas Agarwal, Kevin Mullally and Narayan Y. Naik
Georgia State University, University of Central Florida and London Business School - Institute of Finance and Accounting
Downloads 2,492 (6,341)
Citation 2

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Hedge Funds, Alternative Investments, Long/Short

Do Hedge Funds Deliver Alpha? A Bayesian and Bootstrap Analysis

Number of pages: 47 Posted: 01 Nov 2005
Robert Kosowski, Narayan Y. Naik and Melvyn Teo
Imperial College Business School, London Business School - Institute of Finance and Accounting and Singapore Management University - Lee Kong Chian School of Business
Downloads 2,162 (7,869)
Citation 56

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hedge fund, persistence, Bayesian, alpha, backfill, incubation, bootstrap

Do Hedge Funds Deliver Alpha? A Bayesian and Bootstrap Analysis

Journal of Financial Economics (JFE), Vol. 84, No. 1, 2007
Posted: 19 Dec 2011
Robert Kosowski, Narayan Y. Naik and Melvyn Teo
Imperial College Business School, London Business School - Institute of Finance and Accounting and Singapore Management University - Lee Kong Chian School of Business

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Hedge fund performance, Persistence, Alpha, Factor models, Bayesian, Bootstrap

Multi-Period Performance Persistence Analysis of Hedge Funds

Number of pages: 27 Posted: 23 Feb 2000
Vikas Agarwal and Narayan Y. Naik
Georgia State University and London Business School - Institute of Finance and Accounting
Downloads 2,140 (8,022)
Citation 19

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Multi-Period Performance Persistence Analysis of Hedge Funds

Posted: 09 Mar 2001
Vikas Agarwal and Narayan Y. Naik
Georgia State University and London Business School - Institute of Finance and Accounting

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Hedge funds, performance, persistence

9.

Volatility of Aggregate Volatility and Hedge Fund Returns

Journal of Financial Economics, Vol. 125, No. 3, 491-510, 2017
Number of pages: 64 Posted: 29 Sep 2014 Last Revised: 09 Aug 2019
Vikas Agarwal, Yakup Eser Arısoy and Narayan Y. Naik
Georgia State University, NEOMA Business School and London Business School - Institute of Finance and Accounting
Downloads 1,827 (10,553)
Citation 11

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Uncertainty, volatility of volatility, hedge funds, performance

10.

Role of Managerial Incentives and Discretion in Hedge Fund Performance

Journal of Finance, Forthcoming
Number of pages: 53 Posted: 08 Mar 2006 Last Revised: 11 Oct 2008
Vikas Agarwal, Naveen D. Daniel and Narayan Y. Naik
Georgia State University, Drexel University - Department of Finance and London Business School - Institute of Finance and Accounting
Downloads 1,682 (12,053)
Citation 85

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Hedge Funds, Managerial Incentives, Discretion, Performance, Delta, Lockup Period

Hedge Funds, Managerial Skill, and Macroeconomic Variables

AFA 2008 New Orleans Meetings Paper
Number of pages: 47 Posted: 22 Mar 2007 Last Revised: 15 Nov 2013
Doron Avramov, Robert Kosowski, Narayan Y. Naik and Melvyn Teo
Interdisciplinary Center (IDC) Herzliyah, Imperial College Business School, London Business School - Institute of Finance and Accounting and Singapore Management University - Lee Kong Chian School of Business
Downloads 1,660 (12,091)
Citation 14

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hedge funds, predictability, managerial skills, macroeconomic variables

Hedge Funds, Managerial Skill, and Macroeconomic Variables

Journal of Financial Economics, Vol. 99, Issue 3, pp. 672-692, March 2011
Posted: 22 Feb 2010 Last Revised: 15 Nov 2013
Doron Avramov, Robert Kosowski, Narayan Y. Naik and Melvyn Teo
Interdisciplinary Center (IDC) Herzliyah, Imperial College Business School, London Business School - Institute of Finance and Accounting and Singapore Management University - Lee Kong Chian School of Business

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Hedge Funds, Predictability, Managerial Skills, Macroeconomic Variables

12.

Hedge Funds for Retail Investors? An Examination of Hedged Mutual Funds

Journal of Financial and Quantitative Analysis (JFQA), Vol. 44, No. 2, 2009
Number of pages: 47 Posted: 19 Mar 2006 Last Revised: 04 Dec 2012
Nicole M. Boyson, Vikas Agarwal and Narayan Y. Naik
Northeastern University - D’Amore-McKim School of Business, Georgia State University and London Business School - Institute of Finance and Accounting
Downloads 1,298 (18,050)
Citation 2

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Hedge funds, mutual funds, hedged mutual funds, hybrid mutual funds

13.

Alpha Decay

SFS Finance Cavalcade 2016, Paris December 2015 Finance Meeting EUROFIDAI - AFFI
Number of pages: 56 Posted: 21 Mar 2015 Last Revised: 22 Nov 2017
Rick Di Mascio, Anton Lines and Narayan Y. Naik
Inalytics Limited, Columbia Business School and London Business School - Institute of Finance and Accounting
Downloads 1,139 (22,004)
Citation 4

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Forecasting, Strategic Trading, Price Formation, Institutional Investors

14.

Do Hedge Funds Manage Their Reported Returns?

The Review of Financial Studies, Forthcoming
Number of pages: 59 Posted: 16 Mar 2006 Last Revised: 08 Jan 2011
Vikas Agarwal, Naveen D. Daniel and Narayan Y. Naik
Georgia State University, Drexel University - Department of Finance and London Business School - Institute of Finance and Accounting
Downloads 955 (28,415)
Citation 13

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Hedge Funds, Incentives, Returns Management, December effect

15.

Market Quality and Trader Behavior in a Manipulated Market: Anatomy of a Squeeze

Journal of Financial Economics (JFE), Vol. 77, No. 1, 2005
Number of pages: 53 Posted: 22 Mar 2002 Last Revised: 09 Nov 2020
Narayan Y. Naik, Pradeep K. Yadav and John J. Merrick Jr.
London Business School - Institute of Finance and Accounting, University of Oklahoma Price College of Business and Raymond A. Mason School of Business - William & Mary
Downloads 852 (33,343)
Citation 2

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Price manipulation, Futures markets, Squeeze

Risk Management with Derivatives by Dealers and Market Quality in Government Bond Markets

London Business School, IFA Working Paper No. 338
Number of pages: 51 Posted: 22 Oct 2001
Narayan Y. Naik and Pradeep K. Yadav
London Business School - Institute of Finance and Accounting and University of Oklahoma Price College of Business
Downloads 536 (60,873)
Citation 8

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Risk Management with Derivatives by Dealers and Market Quality in Government Bond Markets

NYU Working Paper No. FIN-01-013
Number of pages: 51 Posted: 03 Nov 2008
Narayan Y. Naik and Pradeep K. Yadav
London Business School - Institute of Finance and Accounting and University of Oklahoma Price College of Business
Downloads 83 (354,654)

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Risk Management with Derivatives by Dealers and Market Quality in Government Bond Markets

Journal of Finance, Vol. 58, No. 5, 2003
Number of pages: 51 Posted: 07 Nov 2008 Last Revised: 09 Nov 2020
Narayan Y. Naik and Pradeep K. Yadav
London Business School - Institute of Finance and Accounting and University of Oklahoma Price College of Business
Downloads 67 (401,358)
Citation 1

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Risk Management with Derivatives by Dealers and Market Quality in Government Bond Markets

Posted: 06 Oct 2003
Narayan Y. Naik and Pradeep K. Yadav
London Business School - Institute of Finance and Accounting and University of Oklahoma Price College of Business

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17.

Testing for Adverse Selection in Life Settlements: The Secondary Market for Life Insurance Policies

Number of pages: 38 Posted: 14 Jun 2013 Last Revised: 06 Jun 2016
Afonso V. Januario and Narayan Y. Naik
Schroders and London Business School - Institute of Finance and Accounting
Downloads 664 (46,839)
Citation 9

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life settlements, secondary market for life insurance, adverse selection, longevity risk

18.

Diverse Hedge Funds

Number of pages: 62 Posted: 18 Feb 2021 Last Revised: 01 Apr 2021
Yan Lu, Narayan Y. Naik and Melvyn Teo
University of Central Florida - College of Business Administration, London Business School - Institute of Finance and Accounting and Singapore Management University - Lee Kong Chian School of Business
Downloads 619 (51,282)

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Diversity, Homophily, Nationality, Experience, Education, Behavioral biases, Capacity constraints, Performance persistence, Operational risk

19.

How Do Dealers in Government Bond Markets Manage Their Spot Risk with Derivatives? Evidence from London

Number of pages: 53 Posted: 10 Apr 2000
Narayan Y. Naik and Pradeep K. Yadav
London Business School - Institute of Finance and Accounting and University of Oklahoma Price College of Business
Downloads 581 (55,652)

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20.

Herding and Delegated Portfolio Management: The Impact of Relative Performance Evaluation on Asset Allocation

IFA Working Paper 223-1996
Number of pages: 41 Posted: 19 May 1998 Last Revised: 19 Dec 2013
Ernst G. Maug and Narayan Y. Naik
University of Mannheim Business School and London Business School - Institute of Finance and Accounting
Downloads 533 (61,967)
Citation 32

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21.

The Effects of Market Reform on Trading Costs of Public Investors: Evidence from the London Stock Exchange

Number of pages: 48 Posted: 16 Aug 1999
Narayan Y. Naik and Pradeep K. Yadav
London Business School - Institute of Finance and Accounting and University of Oklahoma Price College of Business
Downloads 475 (71,564)
Citation 15

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22.

Hedge Fund Franchises

Management Science, Forthcoming
Number of pages: 54 Posted: 24 Dec 2014 Last Revised: 11 Dec 2018
William Fung, David A. Hsieh, Narayan Y. Naik and Melvyn Teo
PI Asset Management, LLC, Duke University - Fuqua School of Business, London Business School - Institute of Finance and Accounting and Singapore Management University - Lee Kong Chian School of Business
Downloads 442 (78,035)
Citation 5

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hedge funds, first funds, follow-on funds, spillover, agency problems

Preferencing, Internalization, Best Execution and Dealer Profits

Number of pages: 53 Posted: 06 Dec 1997
Oliver Hansch, S. Viswanathan and Narayan Y. Naik
Pennsylvania State University, Duke University - Fuqua School of Business and London Business School - Institute of Finance and Accounting
Downloads 390 (89,580)
Citation 17

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Preferencing, Internalization, Best Execution, and Dealer Profits

Posted: 08 Aug 1998
Oliver Hansch, S. Viswanathan and Narayan Y. Naik
Pennsylvania State University, Duke University - Fuqua School of Business and London Business School - Institute of Finance and Accounting

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24.

Portfolio Considerations in Risk Management by Financial Intermediaries: Evidence from Trading Behaviour of London Equity Dealers

Number of pages: 54 Posted: 14 Jul 2001
Narayan Y. Naik and Pradeep K. Yadav
London Business School - Institute of Finance and Accounting and University of Oklahoma Price College of Business
Downloads 357 (100,037)
Citation 1

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25.

Is Stellar Hedge Fund Performance for Real?

Number of pages: 50 Posted: 12 Mar 2005
Robert Kosowski, Narayan Y. Naik and Melvyn Teo
Imperial College Business School, London Business School - Institute of Finance and Accounting and Singapore Management University - Lee Kong Chian School of Business
Downloads 343 (104,594)

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Hedge funds, bootstrap, alpha, persistence

26.

Dealer Behaviour and Market Quality When Insiders Trade

Number of pages: 44 Posted: 05 Mar 2002
Narayan Y. Naik, Pradeep K. Yadav and David Hillier
London Business School - Institute of Finance and Accounting, University of Oklahoma Price College of Business and University of Strathclyde - Department of Accounting and Finance
Downloads 317 (114,119)

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Market Quality, Inventory Control, Insider Trading

27.

Do Dealer Firms Manage Inventory on a Stock-by-Stock or a Portfolio Basis?

Number of pages: 42 Posted: 22 Mar 2002
Narayan Y. Naik and Pradeep K. Yadav
London Business School - Institute of Finance and Accounting and University of Oklahoma Price College of Business
Downloads 264 (138,377)
Citation 11

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Dealer firm, equivalent inventory, correlated risk exposure, unhedgeable risk, effective spreads

Do Inventories Matter in Dealership Markets? Evidence from the London Stock Exchange

Number of pages: 60 Posted: 03 Sep 1997
Oliver Hansch, S. Viswanathan and Narayan Y. Naik
Pennsylvania State University, Duke University - Fuqua School of Business and London Business School - Institute of Finance and Accounting
Downloads 259 (140,505)
Citation 22

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Do Inventories Matter in Dealership Markets? Evidence from the London Stock Exchange

Journal of Finance
Posted: 19 Mar 1998
Oliver Hansch, S. Viswanathan and Narayan Y. Naik
Pennsylvania State University, Duke University - Fuqua School of Business and London Business School - Institute of Finance and Accounting

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29.

Is Firm-Level Political Exposure Priced?

Number of pages: 52 Posted: 13 Nov 2019
London Business School, Frankfurt School of Finance and Management, London Business School - Institute of Finance and Accounting, London Business School and London Business School
Downloads 257 (142,141)
Citation 3

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Political Risk, Asset Pricing, Political Donations, Natural Language Processing, Machine Learning

30.

Trading Costs of Public Investors with Obligatory and Voluntary Market-Making: Evidence from Market Reforms

Number of pages: 50 Posted: 07 Aug 2003
Narayan Y. Naik and Pradeep K. Yadav
London Business School - Institute of Finance and Accounting and University of Oklahoma Price College of Business
Downloads 254 (143,826)
Citation 5

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31.

Do Correlated Exposures Influence Intermediary Decision-Making? Evidence from Trading Behavior of Equity Dealers

London Bus. School, Institute of Finance & Accounting Working Paper No. 337
Number of pages: 41 Posted: 18 Oct 2001
Narayan Y. Naik and Pradeep K. Yadav
London Business School - Institute of Finance and Accounting and University of Oklahoma Price College of Business
Downloads 156 (224,394)
Citation 1

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Dealer firm, equivalent inventory, correlated risk exposure, unhedgeable risk, effective spreads

32.

Do Correlated Exposures Influence Intermediary Decision-Making? Evidence from Trading Behavior of Equity Dealers

NYU Working Paper No. FIN-01-014
Number of pages: 41 Posted: 03 Nov 2008
Narayan Y. Naik and Pradeep K. Yadav
London Business School - Institute of Finance and Accounting and University of Oklahoma Price College of Business
Downloads 34 (526,561)

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Dealer firm, equivalent inventory, correlated risk exposure, unhedgeable risk, effective spreads

33.

Capacity Constraints and Hedge Fund Strategy Returns

European Financial Management, Vol. 13, No. 2, pp. 239-256, March 2007
Number of pages: 18 Posted: 04 Mar 2007
Narayan Y. Naik, Tarun Ramadorai and Maria Strömqvist
London Business School - Institute of Finance and Accounting, Imperial College London and Brummer & Partners
Downloads 30 (547,594)
Citation 4
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34.

Hedge Funds

Foundations and Trends in Finance, Vol. 1, No. 2, 2005
Number of pages: 68 Posted: 24 Jun 2010
Vikas Agarwal and Narayan Y. Naik
Georgia State University and London Business School - Institute of Finance and Accounting
Downloads 14 (651,826)
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35.

Risks and Portfolio Decisions Involving Hedge Funds

Posted: 21 Apr 2003
Vikas Agarwal and Narayan Y. Naik
Georgia State University and London Business School - Institute of Finance and Accounting

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hedge funds, option-based trading strategies, conditional Value-at-Risk, tail risk and multifactor models

36.

Trade Disclosure Regulation in Markets with Negotiated Trades

Posted: 03 Jun 1999
Narayan Y. Naik, S. Viswanathan and Anthony Neuberger
London Business School - Institute of Finance and Accounting, Duke University - Fuqua School of Business and City University London - Faculty of Finance

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37.

Disclosure Regulation in Competitive Dealership Markets: Analysis of the London Stock Exchange

London Business School Institute of Finance and Accounting Working Paper 193
Posted: 04 Nov 1998
Narayan Y. Naik, S. Viswanathan and Anthony Neuberger
London Business School - Institute of Finance and Accounting, Duke University - Fuqua School of Business and City University London - Faculty of Finance

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38.

Spin-Offs and Information

Posted: 22 Aug 1998
Michel A. Habib, D. Bruce Johnsen and Narayan Y. Naik
University of Zurich, George Mason University - School of Law and London Business School - Institute of Finance and Accounting

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Bid-Ask Bias in Cumulated Returns: An Analytical Approach

European Financial Management
Posted: 09 Jan 1998
Narayan Y. Naik and Vinay T. Datar
London Business School - Institute of Finance and Accounting and Seattle University

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Bid-Ask Bias in Cumulated Returns: An Analytical Approach

European Financial Management, Vol 4, 1 March 1998
Posted: 05 May 1998
Vinay T. Datar and Narayan Y. Naik
Seattle University and London Business School - Institute of Finance and Accounting

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40.

Spinoffs and Information

J. OF FINANCIAL INTERMEDIATION, Vol. 6 No. 2
Posted: 09 Jun 1997
Michel A. Habib, D. Bruce Johnsen and Narayan Y. Naik
University of Zurich, George Mason University - School of Law and London Business School - Institute of Finance and Accounting

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