Showing 91 - 100 of 464
We investigate the existence and sources of performance persistence for Australian equity funds, using monthly portfolio holdings data. We find significant persistence among outperforming rather than underperforming funds, which is primarily related to security selection skill, and is associated...
Persistent link: https://www.econbiz.de/10013034906
This paper examines market concentration and stock returns on the Australian Securities Exchange. We find that dominant companies operating in concentrated industries in Australia are able to generate significant risk-adjusted excess stock returns. Our results for Australian data are opposite to...
Persistent link: https://www.econbiz.de/10013065318
This paper considers short sellers' activities when equity analysts are over-optimistic about a stock's future performance. We use a novel dataset of daily aggregated stock lending information for stocks short sold on the Australian Security Exchange (ASX) during the period of October 2005 to...
Persistent link: https://www.econbiz.de/10013065593
The role of institutional investors on the register constitutes a significant puzzle. Concentrated investors could intervene (i.e., exercise 'voice') so as to improve firm governance mechanisms. Alternatively, acting as informed traders, they could effectively discipline management if they adopt...
Persistent link: https://www.econbiz.de/10013158338
Persistent link: https://www.econbiz.de/10009384177
Persistent link: https://www.econbiz.de/10009407755
Persistent link: https://www.econbiz.de/10009304057
Persistent link: https://www.econbiz.de/10009786610
Persistent link: https://www.econbiz.de/10009786616
Persistent link: https://www.econbiz.de/10009790552