This paper proposes a new method of fund rating based on the cross-sectional distribution of fund performance measured by alpha. This distribution-based fund rating model is more flexible and provides more interesting results than current commercial fund rating method used by Morningstar. Unlike...

This paper investigates the investment performance of Malaysian Islamic equity funds and a matching sample of conventional equity funds relative to their market benchmark. An integrated model is used to simultaneously capture the market timing and selectivity skills of fund managers. Our...

Purpose: Poor quality of services in the health-care sector of the developing countries like Bangladesh forces affluent patients to seek advanced medical treatment from abroad. The purpose of this study is to explore the outbound medical tourists’ satisfaction and loyalty on the basis of the...