FRONT COVER -- SIGNS THAT MARKETS ARE COMING BACK -- COPYRIGHT PAGE -- CONTENTS -- LIST OF CONTRIBUTORS -- INTRODUCTION -- EQUITY HEDGE FUND PERFORMANCE, CROSS-SECTIONAL RETURN DISPERSION, AND ACTIVE SHARE -- LITERATURE REVIEW -- HYPOTHESIS -- DATA AND EMPIRICAL TESTS -- RESULTS -- CONCLUSIONS -- ACKNOWLEDGMENTS -- REFERENCES -- THE MARKET TIMING SKILLS OF LONG/SHORT EQUITY HEDGE FUND MANAGERS -- INTRODUCTION -- DATA AND PRELIMINARY ANALYSIS -- MOTIVATION AND ECONOMETRIC MODELS -- EMPIRICAL RESULTS -- ECONOMIC IMPLICATIONS OF MARKET TIMING -- CONCLUSION -- NOTES -- ACKNOWLEDGMENTS -- REFERENCES -- EXTENDING THE REAL OPTIONS APPROACH BY INCLUDING INFORMATION OPTIONS -- INTRODUCTION -- OVERVIEW OF REAL OPTION APPLICATIONS, AND VIRTUAL OPTION PARALLELS -- ILLUSTRATIONS OF REAL OPTIONS AND INFORMATION OPTIONS IN SEQUENTIAL DECISION PROCESSES -- MODELS FOR EVALUATING INFORMATION OPTIONS -- WAYS IN WHICH THE VIRTUAL OPTION APPROACH INTEGRATES FINANCE AND STRATEGY -- HURDLES TO BE OVERCOME -- CONCLUDING REMARKS -- NOTES -- ACKNOWLEDGMENTS -- REFERENCES -- FURTHER READING -- APPENDIX: ILLUSTRATIONS AND EXAMPLES OF OPTION EVALUATION -- QUANTITATIVE AND COMPUTER SKILLS EMPLOYERS WANT VS. WHAT THE BUSINESS CURRICULUM CAN PROVIDE -- INTRODUCTION -- PURPOSE -- SURVEYS -- RESULTS -- CAVEAT -- REFERENCES -- THE UNEASY CASE FOR REAL ESTATE INVESTMENTS -- INTRODUCTION -- OPTIMAL PORTFOLIO OF OUR REPRESENTATIVE US INVESTOR -- DATA -- DIVERSIFICATION BENEFIT OF REAL ESTATE -- CONCLUSIONS -- NOTES -- REFERENCES -- DIVIDEND IRRELEVANCE AND FIRM CONTROL -- INTRODUCTION -- DEVELOPMENT OF A FORMAL MODEL -- DISCUSSION -- CONCLUSION -- REFERENCES -- APPENDIX.