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Investment Decisions by Analysts: A Case Study of KSE
Shaikh, Salman - Volkswirtschaftliche Fakultät, … - 2013
investments. Our results indicate prevalence of herding and overconfidence in professional analysts. We also find that analysts …
Persistent link: https://www.econbiz.de/10011113920
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Values in Exchange: Ambiguous Ownership, Collective Action, and Changing Notions of Worth in Romanian Mutual Fund Industry
Tulbure, Narcis - Volkswirtschaftliche Fakultät, … - 2008
This paper analyzes the political disputes and legal contentions occasioned by the process of regulatory reform undergone by Romanian mutual fund industry. Stirred by Romania’s accession into the European Union in 2007 and prompted by the numerous financial scandals affecting the market right...
Persistent link: https://www.econbiz.de/10005835431
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Loss Potential and Disclosures Related to Credit Derivatives - A Cross-Country Comparison of Corporate Bond Funds under U.S. and German Regulation
Galkiewicz, Dominika Paula - Volkswirtschaftliche Fakultät, … - 2014
This study analyzes the loss potential arising from investments into CDS for a sample of large U.S. and German mutual funds. Further, it investigates whether the comments funds make on CDS use in periodic fund reports are consistent with the disclosed CDS holdings. For several funds in the U.S.,...
Persistent link: https://www.econbiz.de/10011220308
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Loss Potential and Disclosures Related to Credit Derivatives - A Cross-Country Comparison of Corporate Bond Funds under U.S. and German Regulation
Galkiewicz, Dominika Paula - Volkswirtschaftliche Fakultät, … - 2014
This study analyzes the loss potential arising from investments into CDS for a sample of large U.S. and German mutual funds. Further, it investigates whether the comments funds make on CDS use in periodic fund reports are consistent with the disclosed CDS holdings. For several funds in the U.S.,...
Persistent link: https://www.econbiz.de/10011220510
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Mutual funds performance appraisal using stochastic multicriteria acceptability analysis
Babalos, Vassilios; Philippas, Nikolaos; Doumpos, Michael; … - Volkswirtschaftliche Fakultät, … - 2011
Mutual fund investors are concerned with the selection of the best fund in terms of performance among the set of … alternative funds. This paper proposes an innovative mutual funds performance evaluation measure in the context of multicriteria … with funds’ cost variables,we obtain a multicriteria performance evaluation and ranking of the mutual funds, by means of an …
Persistent link: https://www.econbiz.de/10011260483
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Эконометрический анализ динамики российских паевых инвестиционных фондов в кризисный и посткризисный периоды...
Zaytsev, Alexander - Volkswirtschaftliche Fakultät, … - 2011
. Despite the general bad performance of mutual funds, some true active funds were identified. Also it was confirmed (as in …
Persistent link: https://www.econbiz.de/10011260907
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Institutional and Socio-Cultural Factors Explaining the Development of Mutual Funds. A Cross-Country Analysis
Tulbure, Narcis; Catarama, Delia - Volkswirtschaftliche Fakultät, … - 2009
This paper explores the institutional and socio-cultural factors explaining the differential development and growth rates of the mutual fund industry in a sample of 41 countries. It draws on multivariate OLS regressions. It shows that the development of mutual funds is influenced positively by...
Persistent link: https://www.econbiz.de/10008623482
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Demand Spillovers and Market Outcomes in the Mutual Fund Industry
Gavazza, Alessandro - Volkswirtschaftliche Fakultät, … - 2011
When consumers concentrate their purchases at a single firm, a firm that offers more products than its rivals can gain market share for all its other products, as well. These spillovers induce firms to compete by offering a greater variety of products rather than lower prices, and a natural...
Persistent link: https://www.econbiz.de/10009004196
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Why does mutual fund performance not persist? The impact and interaction of fund flows and manager changes
Bessler, Wolfgang; Blake, David; Lückoff, Peter; Tonks, Ian - Volkswirtschaftliche Fakultät, … - 2010
This paper investigates the reasons for the lack of long-term persistence in the investment performance of actively … to past performance have an important impact on future performance. Conditioning on fund flows and manager changes allows … us to predict future performance of both past outperforming (winner) and past underperforming (loser) funds. Recent …
Persistent link: https://www.econbiz.de/10009367986
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Can portfolio diversification increase systemic risk? evidence from the U.S and European mutual funds market
Dicembrino, Claudio; Scandizzo, Pasquale Lucio - Volkswirtschaftliche Fakultät, … - 2011
This paper tests the hypothesis that portfolio diversification can increase the threat of systemic financial risk. The paper provides first a theoretical rationale for the possibility that systemic risk may be increased by the proliferation of financial instruments that lead operators to hold...
Persistent link: https://www.econbiz.de/10009372565