Hedge funds have started to play an important role in financial markets during the last decade. They have affected important aspects of financial intermediation such as asset allocation decisions and corporate governance. Julian Holler provides an excellent theoretical and empirical analysis of these issues. His analysis offers strong support that hedge funds enable investors to improve asset allocation decisions. Consequently, hedge funds are an interesting alternative asset class for institutional investors. In contrast to results for the U.S. capital market his research provides evidence that hedge fund activism does not persistently increase the value of firms in Germany. This result suggests that the institutional environment has a strong influence on the effectiveness of corporate governance mechanisms.
——《对冲基金和金融市场》
作为名列第一的中级宏观经济学畅销书,曼昆的大作以可能的简洁易懂的方式涵盖了这一领域,既强调了宏观经济学的古典来源,又强调了其当前实践。该书以最新的数据、崭新的案例研究和一系列重要的内容更新为特点,在新的第六版中,曼昆的传统得以进一步发扬光大。
——《经济学原理》
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