A simple and economical process consisting in the precipitation with slaked lime (Ca(OH)2) was applied to winery wastewater. The process not only removed organic matter and other contaminants but also simultaneously captured atmospheric CO2. In order to help the wine industry to advance to the...

Pension funds in Spain have become of considerable importance in recent years. In fact, many studies have focused on fund performance and the adverse impact of fees, although little work has been done on analysis of the determinants of fees. Even though fees are restricted by legal limits in...

Pension funds in Spain have become of considerable importance in recent years. In fact, many studies have focused on fund performance and the adverse impact of fees, although little work has been done on analysis of the determinants of fees. Even though fees are restricted by legal limits in...

The main aim of this paper is to analyze if pension funds managers are able to implement style timing strategies, one topic very important for an efficient management of an investment portfolio. Besides it is analyzed the stock-picking abilities of these managers. To this end, conditional and...

Based on a strict and intuitive methodology, the article proposes an empirical test of the CAPM for the main Spanish market stocks. The idea is to replicate the behaviour of an investor purchasing undervalued shares according to the CAPM in order to beat the market during the following period....

This paper is an approach to the management styles followed by Spanish mutual funds investing in domestic equities. The methodology applied is based on Sharpe's Style Analysis proposed in 1992.The study highlights the distortion of results caused by the different benchmarks considered in order...

This study analyses the performance persistence of European equity funds in Spain. The use of parametric and non-parametric methodology, the originality of the ratio used to measure performance and the fact that this represents research into a relatively unexplored market are what make this such...

The performance of Spanish domestic equities improves considerably when diverse public information variables are taken into consideration. We have taken up to 8 independent variables into consideration to evaluate the performance of a largely unexplored market over a broad horizon

This paper contains a preliminary financial analysis of the performance of a group of portfolios based on Sharpe's ratio and a variant thereof, which provides a more appropriate ranking while remaining true to the traditional measure. The main thrust of the financial analysis contained in the...

In this paper we aim to check whether there is persistence in stock returns generated by companies. The study is carried out on the entire universe of companies in the 28 EU countries. To examine the persistence phenomenon, we develop a new test based on dependency analysis, using...