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The growth and size of the Brazilian mutual fund industry
Varga, Gyorgy; Wengert, Maxim - Volkswirtschaftliche Fakultät, … - 2010
This article describes the evolution of the Brazilian mutual fund industry, its regulatory framework, organization, types of investors and managers, economic environment and its relative growth. It shows the evolution of this industry in Brazil and its idiosyncrasies providing a deeper look into...
Persistent link: https://www.econbiz.de/10008529279
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Performance Measurement and Management Promotion through Non-Financial Measures : A Management Accounting Perspective
Eisenberg, Paul - 2018
The purpose of this paper is the discussion of non-financial performance measures that can be adopted in the management accounting function of business organisations. The study is important because it shows how organisational focus on non-financial measures can substantially enhance...
Persistent link: https://www.econbiz.de/10012935122
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The tropical timber industry in Gabon: a forward linkages approach to industrialisation
Terheggen, Anne - Volkswirtschaftliche Fakultät, … - 2011
, whose prime activity is the exploitation of logs for processing industries in China, to limit their participation in forward …
Persistent link: https://www.econbiz.de/10011113301
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The new kid in the forest: the impact of China's resource demand on Gabon's tropical timber value chain
Terheggen, Anne - Volkswirtschaftliche Fakultät, … - 2010
This dissertation is anchored in the disruptive impact of China’s resource-based economic expansion over the last two … decades. Whilst the country’s economic growth follows traditional patterns of development, the size of China’s population … reversal of commodity exporting countries’ terms of trade are a result of China’s non-marginal impact of consumption. This …
Persistent link: https://www.econbiz.de/10011257896
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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 decision making. We implement a multicriteria...
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
Using estimated CAPM-models portfolio risks of Russian mutual funds are analyzed. Two questions are considered: how did mutual funds portfolio risks change during the crisis and postcrisis periods; did portfolio managers successfully fit the portfolio structure depending on market conditions?...
Persistent link: https://www.econbiz.de/10011260907
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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
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Revisiting Mutual Fund Performance Evaluation
Angelidis, Timotheos; Giamouridis, Daniel; … - Volkswirtschaftliche Fakultät, … - 2012
Mutual fund manager excess performance should be measured relative to their self-reported benchmark rather than the return of a passive portfolio with the same risk characteristics. Ignoring the self-reported benchmark introduces biases in the measurement of stock selection and timing components...
Persistent link: https://www.econbiz.de/10009647337
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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 managed equity mutual funds. We document that the responses of investors, fund managers, and investment management companies to past performance have an important impact on future...
Persistent link: https://www.econbiz.de/10009367986
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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