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Evolution and innovation of hedge fund strategies: a systematic review of literature and framework for future research

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Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Hedge funds are a dynamic and heterogeneous segment of the financial industry that employs various strategies to generate returns and manage risk. Despite their growing importance and impact on the global economy, hedge funds remain largely unregulated and opaque, posing challenges for researchers and regulators alike. This paper provides a systematic review of the academic literature on hedge fund strategies, covering their institutional, historical and performance characteristics; their purpose and effectiveness in achieving balanced portfolios; and the relationship of returns to manager skill, style, size and other factors. The paper also proposes a framework for future research on hedge fund strategies.
Twórcy
  • Department of Business Management, Covenant University, Nigeria
  • Department of Business Management, Covenant University, Nigeria
  • Department of Business Management, Covenant University, Nigeria
  • Department of Business Management, Covenant University, Nigeria
  • Department of Business Management, Covenant University, Nigeria
  • Department of Business Management, Covenant University, Nigeria
  • Department of Finance, Covenant University, Nigeria
Bibliografia
  • [1] G. Connor, T. Lasarte, An Introduction to Hedge Funds Strategies. Introductory Guide, Bus. Econ. (2004) 1–16. http://eprints.lse.ac.uk/24675/1/dp477.pdf.
  • [2] N. Zahoor, Z. Khan, J. Wu, S.Y. Tarba, F. Donbesuur, H. Khan, Vertical alliances and innovation: A systematic review of the literature and a future research agenda, Technovation. 122 (2023) 102588. https://doi.org/10.1016/j.technovation.2022.102588.
  • [3] A.S. Troshin, S. V. Kupriyanov, I.S. Sandu, Investment and Innovative Component of Strategic Development of the Region (on the Example of the Belgorod Region), IOP Conf. Ser. Earth Environ. Sci. 272 (2019) 032236. https://doi.org/10.1088/1755-1315/272/3/032236.
  • [4] J.-F. Bacmann, P. Jeanneret, S. Scholz, What correlation does not tell you about hedge funds: A factor approach to hedge fund correlations, J. Deriv. Hedge Funds. 14 (2008) 90–101. https://doi.org/10.1057/jdhf.2008.10.
  • [5] M.M. Keupp, M. Palmié, O. Gassmann, The Strategic Management of Innovation: A Systematic Review and Paths for Future Research, Int. J. Manag. Rev. 14 (2012) 367–390. https://doi.org/10.1111/j.1468-2370.2011.00321.x.
  • [6] H. Sun, Y. Wan, L. Zhang, Z. Zhou, Evolutionary game of the green investment in a two-echelon supply chain under a government subsidy mechanism, J. Clean. Prod. 235 (2019) 1315–1326. https://doi.org/10.1016/j.jclepro.2019.06.329.
  • [7] F.S. Lhabitant, M. Learned, Hedge Fund Diversification: How Much is Enough?, SSRN Electron. J. (2005). https://doi.org/10.2139/ssrn.322400.
  • [8] D. Norris, M. Ciesielska, Towards a framework for innovation orientation within business and management studies: A systematic review and paths for future research, J. Organ. Chang. Manag. 32 (2019) 123–144. https://doi.org/10.1108/JOCM-02-2018-0051.
  • [9] M. Christofi, H. Khan, L. Iaia, Responsible innovation in Asia: A systematic review and an agenda for future research, Asia Pacific J. Manag. (2022). https://doi.org/10.1007/s10490-022-09839-4.
  • [10] W. Fung, D.A. Hsieh, A primer on hedge funds, J. Empir. Financ. 6 (1999) 309–331. https://doi.org/10.1016/S0927-5398(99)00006-7.
  • [11] N.Y. Naik, T. Ramadorai, M. Stromqvist, Capacity constraints and hedge fund strategy returns, Eur. Financ. Manag. 13 (2007) 239–256. https://doi.org/10.1111/j.1468-036X.2006.00353.x.
  • [12] M. Palmié, J. Wincent, V. Parida, U. Caglar, The evolution of the financial technology ecosystem: An introduction and agenda for future research on disruptive innovations in ecosystems, Technol. Forecast. Soc. Change. 151 (2020) 119779. https://doi.org/10.1016/j.techfore.2019.119779.
  • [13] O.S. Sabirov, Improving Ways to Increase the Attitude of the Investment Environment, Rev. Gestão Inovação e Tecnol. 11 (2021) 1961–1975. https://doi.org/10.47059/revistageintec.v11i2.1811.
  • [14] F.T. Magiera, Measuring Risk in the Hedge Fund Sector, CFA Dig. 38 (2008) 96–96. https://doi.org/10.2469/dig.v38.n1.45.
  • [15] F. He, X. Miao, C.W.Y. Wong, S. Lee, Contemporary corporate eco-innovation research: A systematic review, J. Clean. Prod. 174 (2018) 502–526. https://doi.org/10.1016/j.jclepro.2017.10.314.
  • [16] M.M. Crossan, M. Apaydin, A multi-dimensional framework of organizational innovation: A systematic review of the literature, J. Manag. Stud. 47 (2010) 1154–1191. https://doi.org/10.1111/j.1467-6486.2009.00880.x.
  • [17] D.P.J. Capocci, A.H.R.F. Corhay, G. Hubner, Hedge Fund Performance and Persistence in Bull and Bear Markets, SSRN Electron. J. (2011). https://doi.org/10.2139/ssrn.483222.
  • [18] F. Polzin, Mobilizing private finance for low-carbon innovation – A systematic review of barriers and solutions, Renew. Sustain. Energy Rev. 77 (2017) 525–535. https://doi.org/10.1016/j.rser.2017.04.007.
Uwagi
Opracowanie rekordu ze środków MNiSW, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2024).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-90d6a8fe-8cd1-4f98-a24d-8d8944fb6286
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