This paper is an approach to the management styles followed by Spanish mutual funds investing in domestic equities. The methodology applied is based on Sharpe’s Style Analysis proposed in 1992. Sharpe establishes three conditions for the explanatory factors used in this method if the results...

O objetivo deste estudo é verificar a capacidade dos modelos financeiros teóricos de gestão de carteiras, em subsidiar a obtenção de retornos anormais no mercado acionário brasileiro. Entre os modelos que se podem citar: o modelo de Gestão de Carteiras de Markowitz (1952), o modelo CAPM...

The aim of this study is to analyze the existing of the relationship between the performance and the increase of the patrimony of the Brazilian Equity Investment Funds. We used data from 459 funds, 321 of these from the IBOVESPA and 138 from the IBX, from 1997 to 2006, whose behavior has been...

Este trabajo desarrolla un análisis empírico de la persistencia en la performance de los fondos de inversión españoles de renta variable nacional. Como medidas de performance emplea el alfa de Jensen y un ratio novedoso desarrollado por Ferruz y Sarto perteneciente a la familia del índice...

A simple and economical process consisting in the precipitation with slaked lime (Ca(OH)2) was applied to winery wastewater. The process not only removed organic matter and other contaminants but also simultaneously captured atmospheric CO2. In order to help the wine industry to advance to the...

En este trabajo de investigación en Economía Financiera se trata de profundizar en el marco conceptual de la Teoría de Cartera (Portfolio Theory) en el aspecto concreto de la eficiencia o performance en la gestión de carteras realizando una adecuada interacción con la teoría de la...