This paper aims to contribute to the lack of research on the learning process of mutual fund markets. The empirical design is focused on the ability of the Spanish equity mutual fund industry to learn from its important errors. The choice of this industry is justified by both its relevance in...

Using a unique database that includes publicly disclosed fund holdings at the end of the quarter as well as the holdings in all non-publicly disclosed months, we found that some funds could alter their portfolios in publicly disclosed months to artificially increase their Active Share scores and...

This paper aims to contribute to the lack of research on the learning process of mutual fund markets. The empirical design is focused on the ability of the Spanish equity mutual fund industry to learn from its important errors. The choice of this industry is justified by both its relevance in...

This paper develops a comprehensive bibliometric analysis of a well-known behavioral finance bias: the disposition effect. Since the term was coined in 1985, the tendency for investors to sell winners too soon and hold losers in the portfolio has been amply studied. Based on data from the Web of...

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...

Este artículo pretende proporcionar un panorama general de la computación evolutiva, sus orígenes, sus paradigmas principales y algunas de sus aplicaciones en Economía y Finanzas. Se discuten, entre otras cosas, los descubrimientos científicos más importantes que originaron el denominado...

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...

Studies have used ESG ratings to measure CSR; however, these ratings provide an overall measure that does not consider the capabilities of companies to fulfil social and environmental standards. We propose a cross-sectional regression to estimate inclusive ESG ratings in order to assess...