This article is focused on performance attribution calculations - the "theory" of performance attribution. The whole purpose of performance attribution is to explain a portfolio's active returns in a systematic way. Ideally, the assumptions behind the performance attribution will be congruent with the investment process that a portfolio professes to...
This paper explores the spiritual dimensions of leadership by setting forth a theory that both integrates and extends the transactional and transformational theories of leadership. Specifically, the authors' proposes that the transcendental theory of leadership set forth in the paper comprises three dimensions of spirituality (consciousness, moral character, and faith)...
Leadership is the process of influencing others to get the work done. The leadership process consists of three elements viz. the leader, the task, and the led or the followers. The leader has vision, trait, style, behavior, and charisma. On the basis of the aforesaid qualities, the leader inspires and...
This presentation highlights the concept of leadership. In general terms, it is defined as the ability to influence people. Some of the bases of influence are legitimate, coercive, reward, and expert. Two main theories of leadership: theory X and theory Y are the elements of leadership. It has been observed...
Leadership is the ability to influence a group of individuals towards attainment of certain pre-defined goals. A leader motivates, influences, and directs the group towards achievement of these goals. According to contingency theory of leadership, effective leadership depends on leader and follower’s characteristics as well as other factors in the...
This paper aims to clarify the potential confusion about the application of attribution analysis to real estate portfolios. Its three primary objectives are viz; To review, and as far as possible reconcile, the varying approaches to attribution analysis evident in the literature, To give a clear statement of the purposes...
From the executive summary: ‘There has been an attempt to develop a general theory of leadership. Trait, transactional, transformational, path-goal, contingency and situational theories, all abound. The theoretical constructs seek to define and explain leadership. Today, there is no generally accepted or even widely disseminated theory of ethical leadership. Without...
Leadership is the process of directing the behavior of others towards the accomplishment of certain organizational objectives. A leader motivates, influences, and directs the group towards achievement of these goals. Individual characteristics of the leader and situational factors in which the leadership process occurs are some of the factors affecting...
Article explains that risk attribution is a process, which adds risk bogeys to this process to further detail where the risk whether diversifiable or otherwise lies and also provides the ability to produce performance attribution to a risk adjusted return measure. Attribution methodologies are different for each investment mandate and...
The leader influences employees to attain the desired goals. These set of PowerPoint slides talk about various leadership theories—Blake & Mouton’s leadership grid, Michigan Studies, Fiedler’s Contingency Theory, Hersey & Blanchard’s Situational Leadership and Path-Goal Theory, Also, the paper observes the distinction between Contingency Theories. Finally, the paper outlines various...
Managers can and do behave differently in similar organizations and within similar jobs. Role theory is proposed to be useful in understanding and determining how managers' perceptions of the organizational setting influence their leadership behaviors. This paper seeks to introduce role theory as a mechanism for explaining the relationship between...
There has been much work attempting to develop a general theory of leadership. Trait, transactional, transformational, path-goal, contingency and situational theories, all abound. These theoretical constructs seek to both define and explain leadership. Without a theoretical foundation of support, the concept of ethical leadership is impotent to guide human behavior....
Monday night, we said goodbye to our Leadership class in the form of a three-hour take-home final. It wasn't my favorite way to wrap up a three-day weekend, that's for sure. But even more frustrating was the fact that I didn't really take away too much from...
This presentation explains the trait approach, behavior approach, Fiedler’s contingency model, path-goal theory, Blake and mouton managerial grid, leader-member exchange theory, and leader-member exchange theory. Leader-Member Exchange Theory describes the different kinds of relationships that may develop between a leader and a follower and what the leader and the follower...
The article, the first in this series Fundamentals of Performance Attribution explains the first principles behind the Brinson model. It also shows how simple it is to calculate exact multi-period attributes at the total level using those principles. It is worth spending a few minutes reviewing the basics of Brinson...
Traditional models have divided the increasingly popular domain of leadership into contrasting, either/or categories. The vast majority of examples from the leadership literature create dichotomies of leadership (e.g., Theory X vs. Theory Y; task vs. socio-emotional; participative vs. autocratic; transactional vs. transformational). There has been little effort to combine the...
This paper examines alternative models of substitutes for leadership theory given the general lack of empirical support for the moderating effects postulated by the theory. On this basis, the research posited that the effects of substitutes also could be conceptualized as mediated relations. The research examined moderated and mediated relations...
The paper begins with a review of leadership theories and tracks their evolution over the past 70 years from the "great man" notion of heroic leaders, through trait theories, behaviourist theories, situational leadership, contingency theory and on to transactional and transformational leadership. Each of these offers some insights into the...
In 1994, Denis Karnosky and Brian Singer published the monograph Global Asset Management and Performance Attribution. It described a method for multicurrency performance attribution that had certain advantages. The principal advantage of the method was demonstrated in several examples that showed that the Karnosky- Singer (or "KS") model would reward...
Leadership is the process of influencing others towards the attainment of certain pre-defined goals. Leadership style refers to the methodology adopted by the leader to carry out the roles and responsibilities of the leadership process. According to the trait approach to leadership, the leadership style is affected and influenced by...