A large body of literature suggests that firm-level stock prices “underreact” to news about
future cash flows; ie, shocks to a firm's expected cash flows are positively correlated with …

This study examines the selectivity and timing performance of 218 UK investment trusts over
the period July 1981 to June 2009. We estimate the Treynor and Mazuy (1966) and …

The emergence of 'alternative'investment opportunities, the current bear market and the Wall
Street analysts' conflict of interest debacle have put pressure on current investment …

This paper explores market timing abilities of Chinese mutual fund managers from the three
dimensions: market return, volatility, and liquidity. Using a sample of equity funds from July …

This paper examines the daily style timing of actively managed Chinese stock mutual funds
from July 2002 through December 2013 by adopting the false discovery rate (FDR). We find …

Very little research has examined the possible consequences of more frequent financial
reporting. Using a between-subjects experiment, I examine one possible consequence …

Die Situation ist so bekannt wie dringlich: Staatliche Rentensysteme können in Zukunft nur
noch eine Basisversorgung leisten. Die Bürger müssen daher privat vorsorgen und …

The aim of this report is to describe if and how statistical surveillance methods for monitoring
of the performance of fund managers has been used. Statistical surveillance is a …

The delisting of a company's shares from a stock exchange is a major event affecting a
variety of stakeholders. Such events are also of importance to anyone relying on historical …

The number of mutual funds which are professionally managed is increasing in the financial
arena. With time the importance of portfolio performance measurement tools are really …