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This chapter complements exiting African liberalization literature by providing fresh patterns of two main areas. First, it assesses whether African banking institutions have benefited from liberalization policies in terms of bank returns. Second, it models bank return and return uncertainty in...
Persistent link: https://www.econbiz.de/10013032543
This survey essay reviews over 200 papers in arguing that in order to achieve sustainable and inclusive development, foreign aid should not orient developing countries towards industrialisation in the perspective of Kuznets but in the view of Piketty. Abandoning the former's view that inequality...
Persistent link: https://www.econbiz.de/10011408850
This study complements the scarce literature on conditional market timing in the mutual fund industry by assessing determinants of market timing throughout the distribution of market exposure. It builds on the intuition that the degree of responsiveness by fund managers to investigated factors...
Persistent link: https://www.econbiz.de/10015258235
idiosyncratic risk. The dataset is decomposed into five market fundamentals in order to emphasis the policy implications of our … to market risk exposure. Second, fund managers tend to raise (cutback) their risk exposure in time of high (low) market … risk exposure are catching-up with their counterparts with higher exposure to fluctuation in market conditions. The paper …
Persistent link: https://www.econbiz.de/10015260932
idiosyncratic risk. The dataset is decomposed into five market fundamentals in order to emphasis the policy implications of our … to market risk exposure. Second, fund managers tend to raise (cutback) their risk exposure in time of high (low) market … risk exposure are catching-up with their counterparts with higher exposure to fluctuation in market conditions. The paper …
Persistent link: https://www.econbiz.de/10011956955
This study complements the scarce literature on conditional market timing in the mutual fund industry by assessing determinants of market timing throughout the distribution of market exposure. It builds on the intuition that the degree of responsiveness by fund managers to investigated factors...
Persistent link: https://www.econbiz.de/10011784886
This study complements the scarce literature on conditional market timing in the mutual fund industry by assessing determinants of market timing throughout the distribution of market exposure. It builds on the intuition that the degree of responsiveness by fund managers to investigated factors...
Persistent link: https://www.econbiz.de/10012952524
idiosyncratic risk. The dataset is decomposed into five market fundamentals in order to emphasis the policy implications of our … to market risk exposure. Second, fund managers tend to raise (cutback) their risk exposure in time of high (low) market … risk exposure are catching-up with their counterparts with higher exposure to fluctuation in market conditions. The paper …
Persistent link: https://www.econbiz.de/10012924862
This study complements the scarce literature on conditional market timing in the mutual fund industry by assessing determinants of market timing throughout the distribution of market exposure. It builds on the intuition that the degree of responsiveness by fund managers to investigated factors...
Persistent link: https://www.econbiz.de/10011698475
idiosyncratic risk. The dataset is decomposed into five market fundamentals in order to emphasis the policy implications of our … to market risk exposure. Second, fund managers tend to raise (cutback) their risk exposure in time of high (low) market … risk exposure are catching-up with their counterparts with higher exposure to fluctuation in market conditions. The paper …
Persistent link: https://www.econbiz.de/10011817236