Outlines the models devised by Jensen (1968, 1969) and Treynor and Mazuy (1966) for measuring the performance of managed portfolios and related empirical research. Applies the Treynor‐Mazuy model to a sample of 17 Greek equity mutual funds using 1995‐1998 daily returns data and presents the...

Assesses the 1995‐1998 performance of ten domestic balanced mutual funds in the Greek financial market using daily net asset value per unit. Ranks them on the basis of daily average return, total risk, coefficient of variation, systematic risk, Treynor’s index, Sharpe’s index and...

Points out that the decline in international economic differentials makes country effects less important and sector effects more important in managing equity funds; but that there is little research on sector and sub‐sector specific risks. Presents a study of sector and sub‐sector volatility...

We examine the sources of performance for a sample of mutual funds that invest primarily in utility companies. Given recent deregulation developments in the utility industry and the sub‐market performance of utility stocks in the 1990s, we hypothesize that utility funds may be considering...

Explains the difference between defined benefit (DB) and defined contribution (DC) pension plans in the US context and the options open to companies wishing to terminate overfunded DB plans. Summarizes previous research on stock market reaction to terminations and uses event study methodology on...

A Catastrophe Theory Model modified for the explanation of the evolution/revolution of behavior in the securities market can be classified in the realm of behavioral finance. An early model of the Cusp Catastrophe Model modified to explain speculative crashes appeared in Zeeman (1976, 1977)....