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Die Qual der Wahl

Kempf, Alexander; Rünzi, Stefan - In: Finanzintermediation : theoretische, …, (pp. 103-122). 2004

Persistent link: https://www.econbiz.de/10002078254

Does extracting inflation from stock returns solve the purchasing power parity puzzle?

Chen, Shiu-sheng - In: Empirical economics : a journal of the Institute for … 42 (2012) 3, pp. 1097-1105

Persistent link: https://www.econbiz.de/10009547128

Implied rates of return, the discount rate effect, and market risk premia

Breuer, Wolfgang; Gürtler, Marc - 2010 - This Version: 2010-10-22

risk premia. The extent of this bias is substantial as verified by a bootstrap approach. We present an alternative … estimation equation for future expected one-period returns based on current and past implied rates of return that is superior to … simple estimators based on historical returns. The reason for this superiority is a lower variance of estimation results and …

Persistent link: https://www.econbiz.de/10009487229

Conditional performance evaluation for German mutual equity funds

Bessler, Wolfgang (contributor); … - 2007

We investigate the performance of a sample of German mutual equity funds over the period from 1994 to 2003. Our general finding is that mutual funds, on average, hardly produce excess returns relative to their benchmark that are large enough to cover their expenses. This conclusion is drawn from...

Persistent link: https://www.econbiz.de/10003666807

Performance and market share : evidence from the German mutual fund industry

Krahnen, Jan Pieter; Schmid, Frank A.; Theissen, Erik - 1997 - First version - May 1997

In this paper we analyze the relation between fund performance and market share. Using three performance measures we first establish that significant differences in the risk-adjusted returns of the funds in the sample exist. Thus, investors may react to past fund performance when making their...

Persistent link: https://www.econbiz.de/10009768858