Surveys suggest that black Americans flock to black-owned travel firms because representation and familiarity are crucial.
In the past, Mr. Cohen, who owns 100 percent of SAC, has acknowledged a lack of familiarity with the firm's compliance and ethics policies on insider trading.
Partly that is because of his familiarity with the firm — Merrill Lynch bought a 49percentt stake in BlackRock last year — and the fact that BlackRock, an asset management firm with roots in the fixed-income markets, has so far successfully navigated through the treacherous credit crunch that seemingly blindsided Wall Street.
When they approached the survey company for information about the original methods, "the survey firm claimed they had no familiarity with the [original] project and … denied having the capabilities to perform many aspects of the recruitment procedures described in LaCour and Green," the researchers report in a statement posted online.
One issue relevant to CEOs' staffing decisions is their familiarity with their firms.
But Mr. Lay said that given the gravity of the accusations, he wanted a fast answer, which he thought the firm could provide because of its familiarity with the issues.
But Hicks, Muse decided that extra effort was needed to attract new investors, whose lack of familiarity with the buyout firm might have made them wary of taking a gamble on the new fund.
But they say it can be an attractive option for Israel-based firms because of its proximity, cultural familiarity, the talent of Palestinian engineers and their loyalty to their companies.
The early history of private equity from 1946 through 1981 was characterized by relatively small volumes of private equity investment, rudimentary firm organizations and limited awareness of and familiarity with the private equity industry.
The relation between International Accounting Standards (IASs) disclosure and the type of audit firm points to additional theoretical explanations, including relative familiarity with the legislation and compliance features identifiable with the emerging capital market.
