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performance, little has been agreed about the value added by managers from their abilities point of view. This study attempts to …-m and order-) to assess performance in the first stage, and regression quantiles for isolating the determinants of … features. In addition, some of the performance differences found among funds are rather intricate because both the magnitude of …
Persistent link: https://www.econbiz.de/10010908217
We analyse the performance persistence and survivorship bias of Islamic and Socially Responsible Investment (SRI) funds …-financial attributes influence performance and performance persistence. We propose a refined version of the procedures used in the … literature based on a cross-sectional test to control for significance of the recursive portfolios according to past performance …
Persistent link: https://www.econbiz.de/10010940514
While it has long been recognized that active management is an important issue in the area of mutual fund performance … performance in the first stage, and regression quantiles to isolate the determinants of efficiency in the second stage. Our … addition, some of the performance differences found among funds are rather intricate because both the magnitude of the …
Persistent link: https://www.econbiz.de/10010643274
In this paper, we study to what extent French LBOs investment policy and operations can explain their overperformance discrepancy. Our empirical study has been carried out on 132 French LBOs between 1989 and 1994. The results show that the abnormal falling of their economic return cannot be...
Persistent link: https://www.econbiz.de/10005111114
This paper evaluates the extent that French LBO targets' investment policy and operations can account for their overperformance discrepancy. Our empirical study has been carried out on 132 French LBOs between 1989 and 1994. The results show that the abnormal plunge in economic return cannot be...
Persistent link: https://www.econbiz.de/10005111229
This paper investigates the financial characteristics and changes in performance of French companies involved in a … the USA and the UK, the performance of French firms falls after the operation is completed. This downturn in performance …
Persistent link: https://www.econbiz.de/10005111279
French stock-options plans in two contexts (adoption of an incentice performance-based compensation for managers, choice of a …
Persistent link: https://www.econbiz.de/10005111298
Cet article étudie dans quelle mesure la politique d'investissement ainsi que la gestion opérationnelle des firmes françaises reprises dans le cadre d'un leveraged buy-out (LBO) peuvent expliquer la dégradation de leur surperformance après l'opération. L'étude empirique porte sur 132 LBO...
Persistent link: https://www.econbiz.de/10005111317
performance in a real competitive environment with real tasks and real incentives. …
Persistent link: https://www.econbiz.de/10005040817
performance in a real competitive environment with real tasks and real incentives. …
Persistent link: https://www.econbiz.de/10005536941