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The purpose of this paper is to determine if hedge fund variables (HFVs) are associated with short-run daily buy and hold abnormal returns (BHARs) for a 30-day window around announcement dates for seasoned equity offerings (SEOs).

This paper utilizes the event study metric that computes BHARs. These BHARs are used in a regression model as dependent variables with HFVs and nonhedge fund variables (NFVs) as independent variables. For regression tests, standard errors are clustered at the month level.

This paper offers three new findings. First, HFVs are significantly associated with SEO BHARs. Second, HFVs are capable being associated with stronger statistical significance compared to NFVs. Third, not using HFVs can produce an omitted-variable bias.

This paper does not have information on which individual hedge funds use a strategy during the month of the offering but only the proportion of hedge funds that do. A research implication is the proportion can be associated with SEO BHARs in a fashion predicted based on a long or short position.

Hedge funds can use trading strategies to capitalize on established patterns of price behavior.

Hedge funds enjoy a trading advantage over smaller investors.

This paper is the first study to document the association between hedge fund stratagems and stock returns around a major corporate event. It shows researchers should consider institutional trading strategies when studying the market response to a major corporate event.

The article aims to explore if stock derivative types (stock options and stock warrants) are associated with stock returns for firms undergoing seasoned equity offerings (SEOs).

The authors regress stock returns against stock derivatives for periods around SEO announcements with standard errors clustered at the month level.

The authors find that lower stock derivatives holdings for the fiscal year after the SEO are associated with superior pre-SEO returns. This can be explained by owners exercising their derivatives to capitalize on the pre-SEO price run-up. The authors find that greater stock option holdings by insiders for the fiscal year after the SEO are associated with superior post-SEO returns for up to ten years after the SEO announcement. This new finding does not hold for stock warrants.

Stock derivatives are supplied by Capital IQ. Given their description, the authors infer that stock options are owned largely by insiders. Thus, the insider conclusions for stock options depend on this implication.

Stock options and stock warrants can be used strategically to reward stock derivative owners of strong performing firms for past performance. Stock options can be used to motivate insiders (primarily key executives) to achieve superior future performance.

This study is unique in comparing the influence of holdings for stock options and stock warrants on stock price performance around SEOs. The authors show that the sign of the association depends on whether the test includes pre-SEO periods.

The purpose of this paper is to determine if hedge funds perform poorly as claimed by more recent research. The authors find hedge funds perform well from 2001 to 2013 when compared to sample of firms known to experience superior performance, namely, a sample of seasoned equity offerings (SEOs).

This paper uses a portfolio approach in comparing the performance of hedge funds and SEO firms. Other comparisons involve a number of common methodologies used to compute and analyze short-run and long-run returns.

Contrary to a growing and prevalent belief, the paper offers evidence hedge funds as a whole have performed well for a recent 13-year period. This finding includes periods up to six years around SEO announcement months.

This paper is limited to examining monthly returns for a portfolio of hedge funds. This limitation led to incorporating a portfolio approach.

The findings suggest that a portfolio of hedge funds are an important investment consideration. This consideration has practical implications because investing in a portfolio of hedge funds has become more available for all investors in recent years.

Society can be enhanced as this paper helps future investors make optimal investment decisions.

This paper adds to the hedge fund research by being the first paper to compare the performance of hedge funds with that for firms undergoing an important corporate event. The findings are new and can impact investment decision making.

Perinatal mental health (PMH) is acknowledged as a significant public health issue associated with significant personal, family, social and economic burden. Research demonstrates that healthcare practitioners lack knowledge and confidence in this area but there is likely to be a complexity of factors that may influence practitioner behaviours, including negative attitudes towards people with mental health and inaccurate illness perceptions. The purpose of this paper is to evaluate the psychometric properties of the Perinatal Illness Perceptions Scale (PIPS), a conceptual derivation of the Illness Perception Questionnaire – Revised.

A cross-sectional and exploratory instrument development design, using exploratory factor analysis, was employed.

The scale demonstrated good psychometric properties revealing three sub-scales: causes, consequences (mother); consequences (baby).

The findings implicate the PIPS as the first robust psychometric measure, which can be used to in the assessment of practitioner knowledge of the causes and consequences of PMH. The PIPS could offer the opportunity to assess these domains within both educational and training context and identify practitioner attitudes which may affect clinical decision making and referral decisions.

The following classified, annotated list of titles is intended to provide reference librarians with a current checklist of new reference books, and is designed to supplement the RSR review column, “Recent Reference Books,” by Frances Neel Cheney. “Reference Books in Print” includes all additional books received prior to the inclusion deadline established for this issue. Appearance in this column does not preclude a later review in RSR. Publishers are urged to send a copy of all new reference books directly to RSR as soon as published, for immediate listing in “Reference Books in Print.” Reference books with imprints older than two years will not be included (with the exception of current reprints or older books newly acquired for distribution by another publisher). The column shall also occasionally include library science or other library related publications of other than a reference character.

Aarhus Kommunes Biblioteker (Teknisk Bibliotek), Ingerslevs Plads 7, Aarhus, Denmark. Representative: V. NEDERGAARD PEDERSEN (Librarian).

In reading many recent articles on this subject, the writer has been struck with the fact that nowhere is there any reference to the vast amount of pioneer work done in this country during the last ten or twelve years by certain Public Analysts acting on behalf of the Health Committees of their local authorities. In the City of Hull, continuous attention has been given to this question since 1909, following the example of Chester (1906; Public Analyst, Mr. W. F. Lowe, F.I.C.)

In the last four years, since Volume I of this Bibliography first appeared, there has been an explosion of literature in all the main functional areas of business. This wealth of material poses problems for the researcher in management studies — and, of course, for the librarian: uncovering what has been written in any one area is not an easy task. This volume aims to help the librarian and the researcher overcome some of the immediate problems of identification of material. It is an annotated bibliography of management, drawing on the wide variety of literature produced by MCB University Press. Over the last four years, MCB University Press has produced an extensive range of books and serial publications covering most of the established and many of the developing areas of management. This volume, in conjunction with Volume I, provides a guide to all the material published so far.

The key ideas of cybernetics have remained unknown or misunderstood by contemporary technological societies. The purpose of this paper is to consider how best to assist individuals outside the cybernetics and systems communities in learning key concepts of cybernetics.

The main approach used to make this case is consideration of how individuals can come to understand circular systems and circular causality. The paper makes a case that if we want to assist interested others in learning cybernetics, we can best do so either by identifying where interested others already have experiences that they can reinterpret in terms of causality through investigation, analysis, and conversation or by designing experiences such as interactive models and simulations that become the basis of each user’s inventing an understanding of circular causality, and then, through analysis and conversation, refining that understanding. It provides examples, in particular, the example of how learning to sail a small boat involves the sailor in creating an intuitive (and possibly formal) understanding of wind, water, and boat as elements of a circular system. The paper considers the ethics of assisting others in learning cybernetic concepts such as circular causality.

The paper provides an approach to understanding cybernetic concepts that can be used with students and adults of all ages.

This paper ties together theoretical and practical considerations from a constructivist viewpoint.

Through the development of the example of the Greek helmsman, the kybernetes, the paper provides a point of departure for those in the cybernetics and systems communities involved in designing teacher-based or web-based materials for cybernetics.

The paper has value as a guide to practice.