The demand for new insurance products in the UK has experienced important changes in recent years that can be attributed to three major factors. First, demographic changes have created different needs for more tailored products. Second, saving patterns have changed, due to changing economic...

According to the ABI (2003), 806 insurance companies were authorized, either by the UK or by another European Economic Area member to carry on insurance business in the UK in 2002. Of these, 592 could carry on general business only (such as motor, household and commercial insurance), 160 were...

This article focuses on the importance of the traditional theories for the existence of the discount in relation to agency costs namely management performance. The argument that discounts reflect the quality of the management has been investigated in the past but the results were inconclusive....

This article examines the performance persistence of 210 UK investment trusts form the period January 1990 to January 2006. We use a sample free of survivorship bias and measure performance using risk adjusted measures. High values of the Treynor, Sharpe and information ratio are an indication...

This article examines the performance and persistence of 210 UK investment trusts using a large survivorship bias-free sample for funds that has terminated, merged or unitized.The methodology that we have used is contingency tables. In order to examine performance persistence we rank the returns...

We check performance persistence of UK investment trusts in terms of both market price returns and net asset value average returns in each category. In addition, we use regression models to test market timing ability. We use a sample of 210 UK investment trusts. Our results are not including...

We have used a sample of 210 UK investment trusts to test performance persistence in different time periods. We bootstrapped on the monthly returns over successive years over the whole period starting from 01/01/1990 to 01/01/2006. The estimated and simulated return was computed by sampling...

The existing literature of performance persistence of UK investment trusts is limited. We are going to use a sample of 210 UK investment trusts to test performance persistence in different time periods. We sort funds into rank portfolios based on past performance. A positive and statistically...

This article examines UK investment trusts using a sample of 210 investment trusts from the period 1990 to 2006. The sample is free of survivorship bias. We find evidence of long-term managerial positive persistence. Performance is measured by Jensen's alpha based on regression models such as...

As businesses worldwide enter the twenty-first century, they face a bundle of risks almost unimaginable just 10 years ago. E-commerce has become an integrated part of our daily life with amazing speed. Anyone with a PC can disseminate information widely and quickly. A business that cannot manage...