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Article
Publication date: 9 May 2008

Majed R. Muhtaseb and Chun Chun “Sylvia” Yang

The purpose of this paper is two fold: educate investors about hedge fund managers' activities prior to the fraud recognition by the authorities and to help investors and other…

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Abstract

Purpose

The purpose of this paper is two fold: educate investors about hedge fund managers' activities prior to the fraud recognition by the authorities and to help investors and other stakeholders in the hedge fund industry identify red flags before fraud is actually committed.

Design/methodology/approach

The paper investigates fraud committed by the Bayou Funds, Beacon Hill Asset Management, Lancer Management Group (LMG), Lipper & Company and Maricopa investment fund. The fraud activities took place during 2000 and 2005.

Findings

The five cases alone cost the hedge fund investors more than $1.5 billion. Investors may have had a good opportunity for avoiding the irrecoverable costs of the fraud had they carefully vetted the backgrounds of the hedge fund managers and/or continuously monitored the funds activities, especially during turbulent market environments.

Originality/value

This is the first research paper to identify and extensively investigate fraud committed by hedge funds. In spite of the size of the hedge fund industry and relatively substantial level and inevitably recurring fraud, academic journals are to yet address this issue. The paper is of great value to hedge funds and their individual and institutional investors, asset managers, financial advisers and regulators.

Details

Journal of Financial Crime, vol. 15 no. 2
Type: Research Article
ISSN: 1359-0790

Keywords

Article
Publication date: 1 April 2015

Wonseok (Eric) Jang, Yong Jae Ko and Sylvia M Chan-Olmsted

No psychometrically sound measurement scale exists to effectively measure sports team reputation. The current study proposed and developed the Spectator-based Sports Team…

Abstract

No psychometrically sound measurement scale exists to effectively measure sports team reputation. The current study proposed and developed the Spectator-based Sports Team Reputation (SSTR) by considering the most important stakeholder groups - spectators. The results indicated that SSTR had a positive and direct impact on team identification and trust towards a team. The most significant theoretical contribution of this study is the conceptualisation and development of the SSTR scale, with a multi-dimensional approach from the spectator perspective.

Details

International Journal of Sports Marketing and Sponsorship, vol. 16 no. 3
Type: Research Article
ISSN: 1464-6668

Keywords

Article
Publication date: 22 February 2021

Choeu Tshepisho Makabate, Innocent Musonda, Chioma Sylvia Okoro and Nicholas Chileshe

Building information modelling (BIM) has had a significant impact on the architecture, engineering and construction (AEC) sector in the past several years. However, not much is…

2085

Abstract

Purpose

Building information modelling (BIM) has had a significant impact on the architecture, engineering and construction (AEC) sector in the past several years. However, not much is published concerning small and medium-sized enterprises (SMEs) adopting BIM in the construction industry. To address this knowledge gap, a complete and in-depth literature review of the adoption of BIM by SMEs in the AEC sector is conducted in this study. The paper also provides a comprehensive review of the mainstream studies of adoption of BIM in the AEC organisations.

Design/methodology/approach

Based on a five-stage literature review, 54 articles on the adoption of BIM by SMEs from the period 2009 to 2019 were critically analysed from the following three perspectives: (1) the number of articles produced; (2) the research focus and (3) the author's contributions. The techniques of the visualisation of similarities (VOSviewer) software were used to analyse the citation networks of the 54 articles as identified.

Findings

From the analysis, it was established that the number of studies on BIM adoption by SMEs in the reviewed journals has not been increasing and not many articles are available. The finding makes the argument that BIM adoption by SMEs is not a focus point but rather the adoption and implementation of BIM is generalised in the AEC sector. In addition, the results revealed that most of the published articles come from the United Kingdom (UK). However, this finding is hardly surprising due to the requirements in the UK, which have made the adoption of BIM mandatory on all publicly funded projects and are at level 2 BIM. The other highly ranked countries by origins of studies on the adoption of BIM by SMEs were found to be Australia and the United States of America (USA), all of which are developed nations or economies. Some key BIM in SME research trends (adoption, enforcement, benefits, strategies, skills gap, awareness, education and training, and technology) were identified and evaluated.

Research limitations/implications

The results presented in this journal are only applicable to SMEs in the AEC sector. As a result of little available literature on the adoption of BIM in developing countries, the articles have been drawn from developed countries. The dataset was mainly extracted from the Scopus database for the analysis.

Originality/value

An accomplished series content analysis of the implementation and adoption of BIM by SMEs from international construction journals were reported. The study makes significant and emergent contribution by building on the foundation of BIM research in SMEs as well as providing a reference point for the interpretation of findings, as well as directions for future research.

Details

Engineering, Construction and Architectural Management, vol. 29 no. 1
Type: Research Article
ISSN: 0969-9988

Keywords

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