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Author ORCID Identifier


Campus-Only Access for Five (5) Years

Document Type


Degree Name

Doctor of Philosophy (PhD)

Degree Program


Year Degree Awarded


Month Degree Awarded


First Advisor

Bing Liang

Second Advisor

Mila Sherman

Third Advisor

Anna Liu

Subject Categories

Finance and Financial Management


This dissertation is composed of three essays focusing on the study of hedge funds governance, operational risk and Exchange Traded Funds investment activities. The first essay titled “Operational Risk for Hedge Funds: The Chi-Score” utilizes Benford’s law analysis to examine hedge funds behaviors. The second essay shifts the attention to the influence of local religious environments on hedge funds governance and operational behaviors. The third essay examines the influences of Exchange Traded Funds (ETF’s) flows on stock prices, risk and other fundamental characteristics.