http://knowledge.wharton.upenn.edu/ Knowledge@Wharton is an online resource that offers the latest business insights, information, and research from a variety of sources. Content includes analysis of current business trends, interviews with industry leaders and faculty, articles based on the most recent business research, book reviews, conference and seminar reports, and links to other websites. en-us Copyright (c) 2012 The Wharton School of the University of Pennsylvania http://www.wharton.upenn.edu/faculty/cassar_gavin.jpg http://www.wharton.upenn.edu/faculty/ 125 45 Wharton Faculty Research Finance and Investment http://knowledge.wharton.upenn.edu/article.cfm?articleid=2276&source=rss According to a study by two accounting professors, even though hedge funds give their managers virtual autonomy in investment strategy, investors can successfully demand effective internal controls to discourage fraud. The paper, titled "Determinants of Hedge Fund Internal Controls and Fees" and written by Wharton professor Gavin Cassar and University of Chicago Business School professor Joseph Gerakos, also looks at the incentives hedge funds have in place to avoid excessive risk. Wed, 08 Jul 2009 16:18:09 EST Finance and Investment http://knowledge.wharton.upenn.edu/article.cfm?articleid=1922&source=rss Accounting techniques like budgeting, sales projections and financial reporting are supposed to help prevent business failures by giving managers realistic plans to guide their actions and feedback on their progress. At least that's the theory. But when Gavin Cassar, a Wharton accounting professor, tested this idea, he found something troubling: Some accounting tools not only fail to help businesspeople, but may actually lead them astray. He analyzes these conclusions in two separate research papers. Wed, 19 Mar 2008 14:57:40 EST