-owned enterprise (SOE) performance evaluation policy. To improve capital allocative efficiency, in 2010, regulators switched from using … return on equity (ROE) to economic value added (EVA) when evaluating SOE performance. This EVA policy adopts a one …-specific costs of capital. We show that SOEs did respond to the performance evaluation reform by altering their investment decisions …

Measuring the performance of private equity investments (buyout and venture) has historically only been possible over … approach to evaluating performance using actual prices paid for limited partner shares of funds in secondary markets. We … construct indices of buyout and venture capital performance using a proprietary database of secondary market prices between 2006 …

We present a comprehensive analysis of the performance and flows of U.S. actively-managed equity mutual funds during …

) about their portfolio performance, decisionmaking and activities during the Covid-19 pandemic. Given that PE managers have … the Covid-19 pandemic. As a result of the pandemic, they expect the performance of their existing funds to decline. They …

effective asset allocation. It examines the constant in the style analysis regressions which reflects the over- or under-performance … people roughly 60 years old, lost between 20 and 25 percent of their value. We find that past performance only weakly … influences future expected performance. As with equity funds in general in this period, TDFs with actively managed ingredient …

Portfolio performance measures using holdings data are panel regressions. The returns of a fund's stocks are regressed … on its lagged portfolio weights. Stock fixed effects isolate average performance from time-series predictive ability …. Control variables condition fund performance on the characteristics of the stocks held. The long term performance of average …

We examine the performance of the offshore hedge fund industry over the period 1989 through 1995 using a database that … little evidence of differential manager skill. We develop endogenous style categories for relative fund performance measures …

We show that the standard equation-by-equation OLS used in performance evaluation ignores information in the alpha … forecast for the fund's alpha, offering a new way to think about performance evaluation. In simulations, we show that our …

, investors make managers' fees more sensitive to performance and benchmark performance against a market index. This makes … overvalued assets. Socially optimal contracts provide steeper performance incentives and cause larger pricing distortions than …