We apply the Quantile Regression Model to observe the rankcorrelation between bond fund performance and asset,volatility, management fee, Sharpe index and show that fundperformance between volatility as a negative significantrelationship, implied extreme values have been generated...

This study applies by the panel transition regression (PSTR) model to investigate the nonlinear dynamic relationship between equity fund flow and investment volatility in Taiwan. Our empirical results show that the equity fund managers will be different business strategy under the volatility...

Using data for 193 equity funds in Taiwan, we examine whether fund managers behave overconfidently. We show that the higher the fund performance, the more that trading occurs in the next period. In addition, such trading may hurt subsequent performance, although the evidence is marginal. Our...

This study focuses on open-ended equity mutual funds in Thailand. The funds’ performances were examined whether the returns significantly and persistently out-perform the market; whether the use of different measures leads funds with similar rankings. The analyses use various metrics: the...

In this article we would like to analyze The European Investment Fund and the trends registered by the Undertakings for Collective Investment in Transferable Securities (UCITS) Market. For the European Investment Fund, the main results for 2006 and the trends registered from the point of view of...

Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility, physical capital?s share in factor income determines...