...Gaurav S. Chauhan Purpose The purpose of this study is to measure mutual funds' manager performance by attributing it to their abilities to choose better securities (selectivity effect) and to allocate these securities better than their benchmarks (allocation effect). The study enables the authors...

...Nixon S. Chekenya; Heinz Eckart Klingelhöfer Purpose The paper examines the possible existence of systematic performance differences between Broad based Black Economic Empowerment (B-BBEE) affiliated and non-B-BBEE affiliated mutual fund firms in South Africa and see whether the indigenisation...

...Tim Mooney Purpose This study examines whether mutual funds buy or sell the stock of merger targets advised by their investment bank affiliates in advance of merger announcements and withdrawals. Existing literature finds mixed evidence on whether financial conglomerates act on conflicts...

... are employed to estimate single and four-factor models of 132 healthcare mutual funds and 43 healthcare ETFs over the past four decades. The authors performed additional regressions to test the performance of mutual funds and ETFs relative to market volatility, market downturns, and policy influence...

...D. Eli Sherrill; Kate Upton Purpose The purpose of this paper is to study if actively managed exchange-traded funds (AMETFs) and actively managed mutual funds (AMMFs) are complements or substitutes. It also tests if there are tax or liquidity clientele effects. Design/methodology/approach...

... for a sample of 2,856 actively managed mutual funds over the period 1991-2012. The authors provide numerical examples to illustrate how the suggested measure, MT, is different from the traditional turnover measure. The authors use panel regressions, simple and double sorts to examine the predictability...

...Sitikantha Parida Purpose The purpose of this paper is to investigate if there is any impact of reporting delays on profitability of front-running strategies against the mutual funds. Design/methodology/approach The author studies if freshness of mutual fund holding information from public...

...Marius Popescu; Zhaojin Xu Purpose The purpose of this paper is to explore the motivation behind mutual funds’ risk shifting behavior by examining its impact on fund performance, while jointly considering fund managers’ compensation incentives and career concerns. Design/methodology/approach...

... mutual funds and SR indexes differ in performance or other characteristics from their conventional counterparts is discussed next, and lastly the authors present suggestions for future research directions. Findings – Despite the large and extensive amount of empirical research published on SRI...

...Prateek Sharma; Samit Paul Purpose – The purpose of this paper is to utilize a constrained random portfolio-based framework for measuring the skill of a cross-section of Indian mutual fund managers. Specifically, the authors test whether the observed performance implies superior investment skill...

... and to alternative methods for estimating market states. The purpose of this paper is therefore to thoroughly analyze mutual fund performance across the business cycle by disaggregating funds into different investment objectives to determine which funds possess this cyclical performance and which do not. Design...

...Tony Chieh‐Tse Hou Purpose The purpose of this paper is to investigate whether mutual fund investors can make effective cash flow timing decisions and examine the sensitivity of these decisions to past fund performance using cash flow data at the individual fund level. Design/methodology...

...Athanasios G. Noulas; John A. Papanastasiou; John Lazaridis © Emerald Group Publishing Limited 2005 Mutual funds Performance evaluation Systematic risk Volume 31 Number 2 2005 101 Performance of Mutual Funds by Athanasios G. Noulas, John A. Papanastasiou and John Lazaridis...

...Andreas G Merikas; Anna A Merikas; Ioannis Sorros © Emerald Group Publishing Limited 2005 Mutual funds Information ratio Sharpe ratio Treynor ratio Managerial performance Volume 31 Number 2 2005 87 Is There an Appropriate Measure of Managerial Skill and Performance? by Andreas G...

...George P. Artikis The present article aims to test the suitability of a newly developed bond index to measure and analyze the risk undertaken by the bond mutual funds operating in the Greek financial market. In doing so, the capital asset pricing model is applied using as an approximation...