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This paper represents the first specific attempt in the literature to examine the relationship between active share and emerging market equity fund performance. Using a sample of U.S. based diversified emerging market equity funds whose prospectus benchmark is the MSCI emerging market equity...
Persistent link: https://www.econbiz.de/10012903435
Closet indexing is the practice of staying close to the benchmark index while still maintaining to be an active mutual fund manager and probably also charging fees similar to those of truly active managers. Recent work shows active mutual fund managers were much more likely to closet index...
Persistent link: https://www.econbiz.de/10012905447
Some active mutual funds are more active than others. Indeed, research has found that many so-called active funds are not nearly as active as they appear as they hold a portfolio that can be quite similar to their benchmark index. Furthermore it has generally been found that funds who are...
Persistent link: https://www.econbiz.de/10012897273
This paper represents the first attempt in the literature to specifically and solely examine the relationship between active share and emerging market equity fund performance. To do this we use a sample of U.S.-based actively managed diversified emerging market equity funds that we follow for...
Persistent link: https://www.econbiz.de/10012928598
This paper examines the ability of well known mutual fund characteristics, including the expense ratio, turnover, fund size, recent past performance, manager tenure, and Morningstar mutual fund star ratings, to predict emerging market mutual fund performance. We form three separate samples of...
Persistent link: https://www.econbiz.de/10012706208
We perform an extensive examination of how the new Morningstar rating system, introduced in June 2002, predicts future fund performance. Specifically, we examine all domestic equity funds that were rated by Morningstar as of June 30, 2002. We then examine the performance of these funds over the...
Persistent link: https://www.econbiz.de/10012706218
This paper represents the first attempt, to our knowledge, to empirically examine the relationship between the quality of Chief Executive Officer (CEO) education and firm performance. This is an important question as many papers in the management literature have postulated that managers with...
Persistent link: https://www.econbiz.de/10012706298
This paper represents the first attempt to empirically examine the relationship between Chief Executive Officer (CEO) educational background and firm financial performance. Using a relatively broad sample of 390 US firms, we find no significant evidence that the type or selectivity of the...
Persistent link: https://www.econbiz.de/10013011616
Persistent link: https://www.econbiz.de/10003634725
Direct and indirect techniques are being used to estimate economic consequences of proximity to existing or proposed public facilities. The hedonic price theory, an indirect technique, is the most logically suited, especially for capturing the shadow or implicit price of a characteristic such as...
Persistent link: https://www.econbiz.de/10009436709