mutual fund performancerisk-adjusted returnsforecasting abilitypredictive abilityIn this paper I derive a risk-adjusted measure of portfolio performance (now known as Jensen's Alpha) that estimates how much a manager's forecasting ability coSocial Science Electronic Publishing...
The performance of mutual funds in the period 1945-1964:(共同基金的表现在1945 - 1964年期间).pdf 37页内容提供方:jiupshaieuk12 大小:4.74 MB 字数:约11.1万字 发布时间:2017-06-30发布于浙江 浏览人气:314 下载次数:仅上传者可见 收藏次数:0 需要金币:*** 金币 (10金币=人民币1元)...
We investigate the relation between founding‐family ownership and firm performance. We find that family ownership is both prevalent and substantial; families are present in one‐third of the S&P 500 and account for 18 percent of outstanding equity. Contrary to our conjecture, we find family firms...
PerformanceMutual FundsFund SizeQuadratic RegressionCEE MarketsThe main aim of this paper is to examine whether the performance of mutual funds in the 2000-2015 period in the Czech Republic, Hungary and Poland was related to net asset value under management. The study is also to verify the ...
PROBLEMS IN SELECTION OF SECURITY PORTFOLIOS THE PERFORMANCEOF MUTUALFUNDS IN THE PERIOD 1945-1964 来自 bu.edu 喜欢 0 阅读量: 219 作者: MC Jensen 摘要: A CENTRALPROBLEMIN FINANCE(and especially portfoliomanagement) has beenthatof evaluatingthe"performanceo"fportfolioosf riskyinvestments. The concept...
M. Jensen The performance of mutual funds in the period 1945–1964 Journal of Finance, 23 (1968), pp. 389-416 Google Scholar Jensen, 1972 M. Jensen Optimal use of market forecasts and the evaluation of investment performance Szego and Shell, Mathematical Models in Investment and Finance, Nort...
This study aims to examine the performance of open-end securities investment funds investing in Chinese domestic equity during the period May 2003 to September 2020. Specifically, applying a non-parametric bootstrap methodology from the literature on fund performance, the authors investigate the role ...
At the end of this paper, this paper tries to find the possible causes of institutional investors’ excessive returns by CAPM model and Fama-French three-factor model. References [1] Micheal, C.J. (1968) The performance of mutual funds in the period 1945-1964. The Journal of Finance, 23...
This paper aims to evaluate the performance of A-type Turkish funds between January 2009 and November 2014. This study period coincides with the period of quantitative easing during which developing economies in financial markets have been influenced dramatically. Thanks to the increase in the money ...
We also find that fund families implicated in the trading scandals experienced a decline in their performance during the scandal period. Finally, we examine the role of large investment banks in providing an advantage to large fund families. Family size was positively associated with the extent to...