Shin, Jung-Cheol; Cheong, Mun-Kyung; Kim, Yong-Hyeon; … - In: Global Business & Finance Review (GBFR) 26 (2021) 2, pp. 1-17
Purpose: This study utilizes the KNV measure to evaluate performance of national pension funds of Korea. Design/methodology/approach: First, this study investigates whether fund managers pick stocks in expansions and time the market in recessions. Second, we examine skilled funds that have both...
