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Abstract

The paper examines the performance of Chinese equity mutual funds and investigates the impact of fund managerial attributes tenure, team management structure, management educational factors and funds under management on equity mutual fund performance during the sample period from 2005 to 2013. The equity fund performance is measured using the Stochastic Frontier Approach SFA and several traditional fund performance methods such as Jensen’s Alpha and the Sharp ratio. The paper reveals that team–management in a large fund size has a negative impact on fund performance. A fund managed by managers with a longer tenure will perform worse than a fund whose managers are relatively new to a fund. Furthermore, there is a negative relationship between funds under management and equity fund performance. This paper finds that only fund managers with Master’s degrees have a positive impact on fund performance in the Chinese equity mutual fund industry.



Item Type: MPRA Paper -

Original Title: Managerial attributes and equity mutual fund performance: evidence from china-

Language: English-

Keywords: equity fund performance, managerial attributes-

Subjects: G - Financial Economics > G2 - Financial Institutions and Services > G20 - GeneralG - Financial Economics > G2 - Financial Institutions and Services > G23 - Non-bank Financial Institutions ; Financial Instruments ; Institutional InvestorsG - Financial Economics > G3 - Corporate Finance and Governance > G30 - GeneralG - Financial Economics > G3 - Corporate Finance and Governance > G34 - Mergers ; Acquisitions ; Restructuring ; Corporate Governance-





Autor: Mamatzakis, Emmanuel

Fuente: https://mpra.ub.uni-muenchen.de/76139/







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