TL;DR: In this article, the authors review the results from the major research studies on options strategies and empirically examine the outcomes of such strategies on the Swiss market using various performance measures, and theoretically explain why some strategies regularly appear to outperform on a "risk" adjusted basis.
Abstract: The rapid growth of the use of options in portfolio management has been accompanied by a variety of claims regarding the performance of options strategies. In particular, many investors believe that they can enhance the performance of their pure-stock portfolios using systematic covered-call writing or protective put buying. Surprisingly, the results between similar studies from many brokerage firms, large banks or even academics devoted to these strategies differ considerably, and there is no clear evidence on whether a specific options strategy is superior. In this paper, we will review the results from the major research studies on options strategies and we will empirically examine the outcomes of such strategies on the Swiss market using various performance measures. We will also theoretically explain why some strategies regularly appear to outperform on a "risk" adjusted basis. Finally, we will show that when correctly measuring performance, these strategies do not dominate anymore.
TL;DR: In this paper, the authors examined feeder calf prices from a national video auction sales from 2004-2006 and found that many cattle, lot, and market characteristics significantly impact feeder cattle basis.
Abstract: Feeder calf prices are examined from a national video auction sales from 2004-2006 Many cattle, lot, and market characteristics significantly impact feeder cattle basis Auction prices were adjusted for quality differences and for transportation costs and compared across regions Basis was significantly different after the adjustment from region to region
TL;DR: In this article, the authors examined 500 universities and colleges based on compensation paid to their faculty and found that cost of living adjusted salaries differ dramatically from the raw salary figures, and suggested that administrators should design compensation packages that reflect cost-of-living realities in their area.
Abstract: This paper ranks 500 universities and colleges based on compensation paid to their faculty. The analysis examines universities both on a raw basis and cost of living adjusted basis. This work extends the previous literature by examining a broader group of schools. This research includes private universities and community colleges. Most previous literature is limited to the examination of public universities. Similar to previous papers, the results here show that cost of living adjusted salaries differ dramatically from raw salary figures. The results suggest that administrators should design compensation packages that reflect cost of living realities in their area. Faculty seeking employment opportunities should carefully consider cost of living issues.
TL;DR: In this article, the authors rank 574 universities based on compensation paid to their faculty, both on a raw basis and on a cost of living adjusted basis, and suggest that faculty seeking employment opportunities should carefully consider cost-of-living issues.
Abstract: In this paper we rank 574 universities based on compensation paid to their faculty. The analysis examines universities both on a raw basis and on a cost of living adjusted basis. Rankings based on salary data and benefit data are presented. In addition rankings based on total compensation are presented. Separate rankings are provided for universities offering different degrees. The results indicate that rankings of universities based on raw and cost of living adjusted data are markedly different. The results suggest that faculty seeking employment opportunities should carefully consider cost of living issues. Administrators should design salary packages that reflect the cost of living conditions in their area in order to attract quality faculty.
TL;DR: In this article, the differences in performance of Islamic and conventional mutual funds in three periods, namely the period during the financial crisis period, dated 2008 to 2009, after crises period 2010 to 2017, and the whole period, dating from 2007 to 2017.
Abstract: This study aims to analyze and investigates the differences in performance of Islamic and conventional mutual funds in three periods, namely the period during the financial crisis period, dated 2008 to 2009, after crises period 2010 to 2017, and the whole period, dated from 2007 to 2017. More specifically the study aims to investigate whether the Shariah compliant Equity, Income and Assets Allocation Mutual funds performed better in terms of risk adjusted basis as compared to the conventional Equity, Income and asset allocation mutual funds. The risk return behaviors were examined by employing performance measures such as Sharpe, Treynor, and Jensen Alpha. Moreover, their performance in coping of systematic risk is also analyzed by regressing macroeconomic variables on returns. Study concluded that Conventional Income mutual funds perform better in all three periods including (crises and non-crises) compare to its counterpart Islamic income mutual funds in both risks adjusted basis and simple arithmetic mean basis, however their difference is not statistically significant. Study also found that Islamic equity mutual funds perform better in crises period as compare to its conventional equity mutual funds in risk adjusted basis In crises period both funds gave negative return, but Islamic equity mutual funds declined less than conventional mutual funds which shows that Islamic mutual funds provide better hedging in crises period., however there were no significant difference among the two in the other two periods. Similarly, Assets Allocation funds also have no significant difference among themselves, however Islamic asset allocation mutual funds outperform conventional asset allocation mutual funds in all three periods, especially in crises period where Islamic funds showing positive returns as compared to conventional fund that were suffering in loss of about 14%. Overall the whole period performance of Islamic mutual funds is slightly better but not statically difference.