Jensen, M. C. (1968). The performance of mutual funds in the period 1945 - 1964. Journal of Finance 23, 389-416.Jensen, M. (1968): "The performance of mutual funds in the period 1945-1964", Journal of Finance,
The performance of mutual funds in the period 1945-1964:(共同基金的表现在1945 - 1964年期间).pdf,The Performance Of Mutual Funds In The Period 1945-1964 Michael C. Jensen Harvard Business School MJensen@ ABSTRACT In this paper I derive a risk-adjusted
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 ...
M.C. Jensen The performance of mutual funds in the period 1945-1964 The Journal of Finance, 23 (2) (1968), pp. 389-416, 10.2307/2325404 Google Scholar Lopez-Cabrales, Valle, & Herrero, 2006 A. Lopez-Cabrales, R. Valle, I. Herrero The contribution of core employees to organizational ...
1 These limitations raise questions about the value added provided by these funds, for example, compared to traditional long-only mutual funds. Emerging market hedge funds have been analyzed as one among many strategies in hedge fund performance measurement literature such as Fung and Hsieh, 1997,...
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...
A set of 13 commonly used risk-adjusted performance measures is applied to a dataset of US equity mutual funds over the period July 1970 to September 2019. The results show some evidence of short-term performance persistence, suggesting that portfolios formed on different performance measures ex-...
Our sample includes all Portuguese open-end equity funds that invested in stocks issued by Portuguese companies in the period December 1993–June 2009. Instead of the convex flow–performance relationship usually documented for the US, we find an absence of reaction to past performance. We find ...
Also recognizing the specific needs and special circumstances of developing country Parties, especially those that are particularly vulnerable to the adverse effects of climate change, as provided for in the Convention, 充分考虑到最不发达国家在筹资和技术转让行动方面的具体需要和特殊情况, ...
First, we relate the SRI fund performance to the performance of conventional funds in each country. This setup allows us to examine whether SRI fund investors pay a price for the ethical, corporate governance, social and environmental policies that firms have adopted across different institutional ...