# kaal:claim:2811718-013

**Claim.** The Form ADV analysis is limited because the term due diligence carries multiple possible meanings, so counts of the term cannot by themselves distinguish among those meanings.

**Type.** empirical  **Support.** argued

**Holds when.**

- keyword based counting of the phrase due diligence in Form ADV II filings

**Source quote.**

> The data analysis in Figures 1 and 2 is limited by multiple possible meanings of the term due diligence.

**From.** Wulf A. Kaal, *Private Fund Investor Due Diligence – Evidence from 1995 to 2015* (2016), III.A. SEC Form ADV Part II: 2007 to 2014, page 25

**Cite as.** Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016). SSRN: https://ssrn.com/abstract=2811718

**Verify.** sha256 of source PDF `b52152af561288173840a1cabbcf8f4b337e73507c856ee01600799073f4156f` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202016%20-%20Private%20Fund%20Investor%20Due%20Diligence%20%E2%80%93%20Evidence%20from%201995%20to%202015.pdf

**Failure mode.** term ambiguity limits keyword measurement  (family: definitional-ambiguity)

**Topics.** research-methods, private-funds

**Keywords.** measurement-limitations, form-adv, keyword-analysis, construct-validity

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.