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Our work is focused on Russian mutual funds managers' skills versus luck testing. Using the bootstrap procedure of Kosowski et al. (2007) we test Jensen's alpha significance for each fund. We found that only 5% of equity mutual funds do have skills. These results for the emerging Russian market...
Persistent link: https://www.econbiz.de/10013040061
This is the first paper to explore which characteristics of Russian fund managers are connected with a higher abnormal return (measured by Jensen's alpha) and risk (beta) for mutual funds. While only some fund managers publish biographic sketches we use the Heckman procedure to control for...
Persistent link: https://www.econbiz.de/10013027163
manufacturing industry in Russia. A settlement is counted as part of an urban agglomeration in two cases: that of a large, central …
Persistent link: https://www.econbiz.de/10013096182
The author examines the theoretical difficulties of implementing decisions and awards of foreign courts in Russia … educational background of legal professionals – especially judges – in Russia. It is suggested that the statist conception of law … of law developing in the mentality of legal professionals in Russia …
Persistent link: https://www.econbiz.de/10013096271
Nonprofit accountability in Russia is becoming increasingly important as nonprofit organizations become more open …
Persistent link: https://www.econbiz.de/10013096520
assess correctly the riskiness of other banks. However, the “crises of trust” (as one in 2004 in Russia) create some doubts …
Persistent link: https://www.econbiz.de/10013097640
The empirical literature assessing the connection between land rights, access to finance and investment activity has focused largely on actors that, for multiple reasons, might face difficulties accessing credit. Communities of small-scale farmers or poor urban households in developing...
Persistent link: https://www.econbiz.de/10013097641
Under the Basel II accord, improving probability of default models is a key risk-management priority. There are four main aspects of this research: suggesting the bank default classification; using a wide time horizon (quarterly Russian banking statistics from 1998 to 2011); investigating the...
Persistent link: https://www.econbiz.de/10013100257
human capital differ significantly in Russia. Nevertheless we can say that, for the majority of men, the return to …
Persistent link: https://www.econbiz.de/10013106998
This article is a reconstruction of archival policies pursued by Russian universities in the nineteenth century and their effects. By comparing "old" and "new" archive inventories, archivists' records and ministerial instructions, Elena Vishlenkova detects sets of documents that were destroyed...
Persistent link: https://www.econbiz.de/10013082032