# Null result

`kaal:entity:null-result`

**Status.** derived

This node is assembled mechanically from the 6 claims that carry the concept tag `null-result`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

6 claims across 2 works, 2015 to 2016.

**2015**

- [2629451-025](https://wulfkaal.github.io/claims/2629451-025) [empirical/evidenced] *(failure mode)* -- The authors reject Hypothesis 1: they find no evidence that the market reacts negatively to the N/DPA announcement and the start of the term and positively to the end of the term, contrary to the cost-imposition view of N/DPAs.
  > There is no evidence to support Hypothesis 1: The market does not react negatively at ANDPAE (E1a) and BNDPAT (E1b) and positively at ENDPAT (E1c).
  Wulf A. Kaal, Timothy Lacine, Stock Price Response to Non- and Deferred Prosecution Agreements (2015). SSRN: https://ssrn.com/abstract=2629451

**2016**

- [2816408-019](https://wulfkaal.github.io/claims/2816408-019) [empirical/evidenced] *(failure mode)* -- Across an array of robustness tests, the requirements introduced by the Dodd-Frank Act create no significant effect on private fund performance, with all reported RD p-values above the 5% level.
  > Using an array of robustness tests validating our RD results, Figures 3-7 suggest that the requirements introduced by the Dodd-Frank Act create no significant effect on private fund performance. The P-values for all RD results in Table 6 are above the 5% level and confirm our finding of no effect.
  Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Private Fund Performance  – Evidence from 2010 – 2015 (2016). SSRN: https://ssrn.com/abstract=2816408
- [2816408-020](https://wulfkaal.github.io/claims/2816408-020) [empirical/argued] -- The absence of any statistically significant effect of mandatory disclosure on hedge fund returns suggests that the transparency costs associated with disclosure do not significantly affect the profitability of hedge fund advisers.
  > The absence of any statistical significant effect of mandatory disclosure on hedge fund returns may suggest that the transparency costs associated with disclosure do not significantly affect the profitability of hedge fund advisers.
  Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Private Fund Performance  – Evidence from 2010 – 2015 (2016). SSRN: https://ssrn.com/abstract=2816408
- [2816408-024](https://wulfkaal.github.io/claims/2816408-024) [empirical/evidenced] -- Around the registration effective date, whether a fund's AUM sits above or below the $150 million regulatory threshold does not play a significant role in explaining hedge fund returns for the entire sample.
  > close to the registration effective date for hedge fund advisers under the Dodd-Frank Act, the size of AUM, above or below the regulatory threshold of $150 million, does not play a significant role in explaining hedge fund returns of the entire sample.
  Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Private Fund Performance  – Evidence from 2010 – 2015 (2016). SSRN: https://ssrn.com/abstract=2816408
- [2816408-029](https://wulfkaal.github.io/claims/2816408-029) [empirical/evidenced] -- Tighter RD designs using varying window lengths and hand selected control groups confirm the finding of no effect obtained in the broader design.
  > Appendix A contains the descriptive statistics and RD results of our tighter RD designs analysis. The tighter RD designs analysis confirm our finding of no effect in the broader design in Part IV above.
  Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Private Fund Performance  – Evidence from 2010 – 2015 (2016). SSRN: https://ssrn.com/abstract=2816408
- [2816408-033](https://wulfkaal.github.io/claims/2816408-033) [empirical/evidenced] -- Relative to existing work, this study uses a much larger dataset and a more sophisticated empirical approach, regression discontinuity, and finds no statistical evidence for an effect of Dodd-Frank Act requirements on private fund advisers' performance.
  > Compared with the existing prior work, in this study, we use a much larger dataset and a more sophisticated empirical approach such as regression discontinuity. We find no statistical evidence for an effect of the requirements introduced by the Dodd-Frank Act on private fund advisers' performance.
  Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Private Fund Performance  – Evidence from 2010 – 2015 (2016). SSRN: https://ssrn.com/abstract=2816408

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/null-result.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.