Mutual fund styles
Article Abstract:
Mutual funds are grouped according to the type of invested securities and style of the managers. The fund manager influences the selection of the types of stock to hold, timing of purchases and sales, level of fund diversification, and industry concentration of the portfolio, to determine returns of client investments. A generalized least squares procedure, that allows time-varying and fund-specific residual return variance, is used as an algorithm to classify managerial styles. The algorithm is consistent with asset pricing models, and can be used to decompose styles into time-varying factor loadings and risk premium measurement.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 1997
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The investment behavior and performance of various investor types: a study of Finland's data set
Article Abstract:
The possibility of buying and selling certain investments in Finland based on past return performance is examined and described. The differences between foreign and domestic investors in Finland are also analyzed.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2000
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Postprivatization corporate governance: the role of ownership structure and investor protection
Article Abstract:
The impact of postprivatization corporate governance and investor protection on firm's performance is examined.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2005
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