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Mutual Fund Performance When Parent Firms Simultaneously Manage Hedge Funds

Cici, Gjergji - 2010

This study examines the performance of mutual funds managed by firms that simultaneously manage hedge funds. We find that the reported returns of mutual funds in these “side-by-side” associations with hedge funds significantly underperformed those of mutual funds that shared similar fund and...

Persistent link: https://www.econbiz.de/10013149684

Macroeconomic determinants of mutual funds performance in Ghana

Gyamfi, Adjei Gyimafi; Addai, Bismark; Asamoah, George Kwasi - In: Cogent economics & finance 9 (2021) 1, pp. 1-20

This study examines the impact of key macroeconomic variables on mutual funds' financial performance in Ghana. We employ the Pooled Mean Group (PMG) estimation of the Autoregressive Distributed Lag (ARDL) model to analyze the macroeconomic determinants of mutual funds in Ghana for the period...

Persistent link: https://www.econbiz.de/10013183892

Noisy Prices and Inference Regarding Returns

Asparouhova, Elena N. - 2011

Temporary deviations of trade prices from fundamental values impart bias to estimates of mean returns to individual securities, to differences in mean returns across portfolios, and to parameters estimated in return regressions. We consider a number of corrections, and show them to be effective...

Persistent link: https://www.econbiz.de/10013133027

The Performance of Corporate-Bond Mutual Funds : Evidence Based on Security-Level Holdings

Cici, Gjergji - 2010

This is the first study of corporate-bond mutual fund performance that examines detailed security-level holdings and returns. The new database allows us to decompose the costs and benefits of active management. In contrast to prior research on equity funds that shows evidence of stock-selection...

Persistent link: https://www.econbiz.de/10013135920

Nonlinearity and Mutual Fund Returns : A Tar Approach

Zamojska, Anna - 2013

The starting point in this research in the analysis of dynamic and structure of assets of investment funds in particular types of funds (assets, hybrids, money market funds, stable growth funds). Analyzing time series of assets of funds the tendency of growth can be noticed. The tendency is...

Persistent link: https://www.econbiz.de/10013083254

Interest Rate and Foreign Exchange Sensitivity of Bank Stock Returns : Evidence from China

Meng, Xiangnan - 2017

This study employs a GARCH model to investigate the effects of interest rate and foreign exchange rate changes on Chinese banks' stock returns. The results suggest that market movement and foreign exchange rate changes are statistically significant in explaining banks' stock returns, despite...

Persistent link: https://www.econbiz.de/10012971585

Interest Rate and Foreign Exchange Sensitivity of Bank Stock Returns : Evidence from China

Meng, Xiangnan - 2014

Persistent link: https://www.econbiz.de/10013064435

Technical analysis accuracy at Macedonian Stock Exchange

Ivanovski, Zoran; Ivanovska, Nadica; Narasanov, Zoran - In: UTMS journal of economics / University of Tourism and … 8 (2017) 2, pp. 105-118

The main task of this paper is to determine accuracy of some of widely used technical analysis techniques for MBI-10 stocks price forecast at MSE. We are testing accuracy of several technical analysis techniques: MACD (Moving-Average Convergence/Divergence), RSI (Relative Strength Index),...

Persistent link: https://www.econbiz.de/10011780553

The Influence of CEO Demographic Characteristics on Stock Return Volatility : Evidence from Chinese IPOs

Farag, Hisham - 2014

might be a link between CEOs' demographic characteristics and stock return volatility. We investigate the influence of CEOs … volatility for a sample of 892 IPOs floated in both the Shanghai and Shenzhen stock exchanges. Using fixed effects and system GMM … models we find that greater stock return volatility is associated with younger and shorter tenured CEOs. This may imply that …

Persistent link: https://www.econbiz.de/10013049032

Fire Sales in a Model of Complexity

Caballero, Ricardo J.; Simsek, Alp - 2011

, and makes relatively healthy banks, and hence potential asset buyers, reluctant to buy. The liquidity of the market …

Persistent link: https://www.econbiz.de/10014201970