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Investment performance and market share: A study of the German mutual fund industry

Krahnen, Jan P.; Schmid, Frank A.; Theissen, Erik - 2006

We study a set of German open-end mutual funds for a time period during which this industry emerged from its infancy. In those years, the distribution channel for mutual funds was dominated by the brick-and-mortar retail networks of the large universal banks. Using monthly observations from...

Persistent link: https://www.econbiz.de/10010308684

Investment performance and market share: A study of the German mutual fund industry

Krahnen, Jan Pieter; Schmid, Frank A.; Theissen, Erik - 2006

Persistent link: https://www.econbiz.de/10010298320

Malaysian finance sector weak-form efficiency: Heterogeneity, structural breaks, and cross-sectional dependence

Ching Kok, Sook; Munir, Qaiser - In: Journal of Economics, Finance and Administrative Science 20 (2015) 39, pp. 105-117

This study examines the weak-form efficient market hypothesis (EMH) for the Finance Sector in Malaysian Stock Exchange, by exploring and scrutinizing the firm-level efficiency over for the period from 1st January 1997 to 31st December 2014. For this purpose, we apply panel nonlinear unit root...

Persistent link: https://www.econbiz.de/10011859379

La privatización de bancos públicos provinciales en Argentina en 1993-2001

González Padilla, Héctor Gustavo - 2009

En este artículo se estudia la privatización de un grupo de bancos públicos provinciales en Argentina en 1993-2001. En … eficiencia económica, este estudio se enfoca en dos cuestioness: i) evaluar si la privatización de los bancos públicos … provinciales produjo un incremento en el uso del poder de mercado por parte de aquellos bancos públicos provinciales privatizados y …

Persistent link: https://www.econbiz.de/10010323250

Sustainable Stocks and the Russian War on Ukraine - An Event Study in Europe

Kick, Andreas; Rottmann, Horst - 2022

The popularity of sustainable investments is unbroken and attracts investors and researchers alike. Modelling the properties of such 'green' firms, Pástor, Stambaugh, and Taylor 2021 consider a hedge against climate risks in their theoretical model. Likewise, it could be assumed that companies...

Persistent link: https://www.econbiz.de/10013353410

Risk and returns of Indian listed firms after demonetisation

Sureshkumar, Varsha; Balasubramanian, P. - In: Cogent Economics & Finance 9 (2021) 1, pp. 1-30

This paper aims to understand the impact of demonetisation on the returns of listed firms in the NSE, as well as changes to their corresponding industry level systematic risk. Firstly, this paper examined a larger sample of Indian listed firms and a broader group of industries in its analysis...

Persistent link: https://www.econbiz.de/10014001369

Measuring the effect of the North Korea-U.S. summit on the South Korean stock market

Al-Hares, Osama M.; Ramiah, Vikash; Moosa, Nisreen; … - In: Cogent Economics & Finance 7 (2019) 1, pp. 1-22

We examine the effects of the North Korea-U.S. summit and related events on the South Korean stock market over the period March 2018 to June 2018. Employing the event study methodology, we estimate sectoral abnormal returns following the events surrounding the summit and conduct several...

Persistent link: https://www.econbiz.de/10014001435

Price-sensitive announcements and stock return anomalies: Evidence from Pakistan

Uddin, Faisal Sagheer; Azam, Muhammad - In: Cogent Economics & Finance 8 (2020) 1, pp. 1-16

The purpose of this study is to investigate the effect of price-sensitive announcements on stock return anomalies and the interaction effect of corporate announcements of firms with abnormal returns (AR). The study focused on 279 announcements for a period of two years from Jan-2016 till...

Persistent link: https://www.econbiz.de/10014001549

Mean reversions in major developed stock markets: Recent evidence from unit root, spectral and abnormal return studies

Nguyen, James; Li, Wei-Xuan; Chen, Clara Chia Sheng - In: Journal of Risk and Financial Management 15 (2022) 4, pp. 1-20

We revisited the issue of return predictability in three major developed markets (USA, UK and Japan) using a unique dataset from the Wharton Research Data Services database and a comprehensive set of traditional and recent statistical methods. We specifically employed a variety of traditional...

Persistent link: https://www.econbiz.de/10014332363

The Impact of vertical theories of harm on investor returns: An event study of US vertical mergers

Sonenshine, Ralph; Da, Seyni - In: Journal of Risk and Financial Management 15 (2022) 7, pp. 1-19

The welfare implications of vertical mergers have been a subject of disagreement for decades. Similar to horizontal mergers, economists need to weigh the efficiency gains relative to the market power concerns when considering the competitive effects of vertical mergers. However, in vertical...

Persistent link: https://www.econbiz.de/10014332516