메뉴 건너뛰기




Volumn 25, Issue 9, 2001, Pages 1741-1767

Measuring performance of international closed-end funds

Author keywords

G14; G15; International closed end funds; Mutual funds; Performance measurement

Indexed keywords


EID: 0042908816     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0378-4266(00)00151-5     Document Type: Article
Times cited : (17)

References (30)
  • 1
    • 84944838161 scopus 로고
    • International portfolio choices and corporation finance: A synthesis
    • Adler M., Dumas B. International portfolio choices and corporation finance: A synthesis. Journal of Finance. 38:1983;925-984.
    • (1983) Journal of Finance , vol.38 , pp. 925-984
    • Adler, M.1    Dumas, B.2
  • 3
    • 0039613660 scopus 로고    scopus 로고
    • Diversification, integration and emerging market closed-end funds
    • Bekaert G., Urias M. Diversification, integration and emerging market closed-end funds. Journal of Finance. 51:1996;835-869.
    • (1996) Journal of Finance , vol.51 , pp. 835-869
    • Bekaert, G.1    Urias, M.2
  • 4
  • 6
    • 0000399579 scopus 로고    scopus 로고
    • Why do closed-end country funds trade at enormous premiums during currency crises?
    • Chandar N., Patro D. Why do closed-end country funds trade at enormous premiums during currency crises? Pacific-Basin Finance Journal. 8:2000;217-248.
    • (2000) Pacific-Basin Finance Journal , vol.8 , pp. 217-248
    • Chandar, N.1    Patro, D.2
  • 7
    • 0001891124 scopus 로고
    • International diversification through closed-end country funds
    • Chang E., Eun C., Kolodny R. International diversification through closed-end country funds. Journal of Banking and Finance. 19:1995;1237-1263.
    • (1995) Journal of Banking and Finance , vol.19 , pp. 1237-1263
    • Chang, E.1    Eun, C.2    Kolodny, R.3
  • 8
    • 0030540877 scopus 로고    scopus 로고
    • Portfolio performance measurement: Theory and application
    • Chen Z., Knez P. Portfolio performance measurement: Theory and application. Review of Financial Studies. 9:1996;511-555.
    • (1996) Review of Financial Studies , vol.9 , pp. 511-555
    • Chen, Z.1    Knez, P.2
  • 9
    • 84977716189 scopus 로고
    • Evaluating the performance of international mutual funds
    • Cumby R., Glen J. Evaluating the performance of international mutual funds. Journal of Finance. 45(2):1990;497-521.
    • (1990) Journal of Finance , vol.45 , Issue.2 , pp. 497-521
    • Cumby, R.1    Glen, J.2
  • 10
    • 21144474059 scopus 로고
    • Efficiency with costly information: A reinterpretation of the evidence from managed portfolios
    • Elton E., Gruber M., Das S., Hlavka M. Efficiency with costly information: A reinterpretation of the evidence from managed portfolios. Review of Financial Studies. 6:1993;1-22.
    • (1993) Review of Financial Studies , vol.6 , pp. 1-22
    • Elton, E.1    Gruber, M.2    Das, S.3    Hlavka, M.4
  • 12
    • 34250890715 scopus 로고
    • Business conditions and expected returns on stocks and bonds
    • Fama E., French K. Business conditions and expected returns on stocks and bonds. Journal of Financial Economics. 25:1989;23-49.
    • (1989) Journal of Financial Economics , vol.25 , pp. 23-49
    • Fama, E.1    French, K.2
  • 14
    • 21344486016 scopus 로고
    • The risk and predictability of international equity returns
    • Ferson W., Harvey C. The risk and predictability of international equity returns. Review of Financial Studies. 6(3):1993;527-566.
    • (1993) Review of Financial Studies , vol.6 , Issue.3 , pp. 527-566
    • Ferson, W.1    Harvey, C.2
  • 15
    • 0000369716 scopus 로고
    • Sources of risk and expected returns in global equity markets
    • Ferson W., Harvey C. Sources of risk and expected returns in global equity markets. Journal of Banking and Finance. 18:1994;775-803.
    • (1994) Journal of Banking and Finance , vol.18 , pp. 775-803
    • Ferson, W.1    Harvey, C.2
  • 16
    • 0039056070 scopus 로고    scopus 로고
    • Measuring fund strategy and performance in changing economic conditions
    • Ferson W., Schadt R. Measuring fund strategy and performance in changing economic conditions. Journal of Finance. 51:1996;425-461.
    • (1996) Journal of Finance , vol.51 , pp. 425-461
    • Ferson, W.1    Schadt, R.2
  • 17
    • 0030527242 scopus 로고    scopus 로고
    • Comparative measures of performance for US-based international equity mutual funds
    • Gallo J., Swanson P. Comparative measures of performance for US-based international equity mutual funds. Journal of Banking and Finance. 20:1996;1635-1650.
    • (1996) Journal of Banking and Finance , vol.20 , pp. 1635-1650
    • Gallo, J.1    Swanson, P.2
  • 18
    • 0041418758 scopus 로고
    • A comparison of measures of mutual fund performance on a sample of monthly mutual fund returns
    • Grinblatt M., Titman S. A comparison of measures of mutual fund performance on a sample of monthly mutual fund returns. Journal of Business. 62:1989;383-416.
    • (1989) Journal of Business , vol.62 , pp. 383-416
    • Grinblatt, M.1    Titman, S.2
  • 19
    • 84971947408 scopus 로고
    • A study of monthly mutual fund returns and performance evaluation techniques
    • Grinblatt M., Titman S. A study of monthly mutual fund returns and performance evaluation techniques. Journal of Financial and Quantitative Analysis. 29:1994;419-444.
    • (1994) Journal of Financial and Quantitative Analysis , vol.29 , pp. 419-444
    • Grinblatt, M.1    Titman, S.2
  • 20
    • 0039056269 scopus 로고    scopus 로고
    • Presidential address: Another puzzle: The growth in actively managed mutual funds
    • Gruber M. Presidential address: Another puzzle: The growth in actively managed mutual funds. Journal of Finance. 51:1996;783-810.
    • (1996) Journal of Finance , vol.51 , pp. 783-810
    • Gruber, M.1
  • 21
    • 0030116450 scopus 로고    scopus 로고
    • The marketing of closed-end fund IPOs: Evidence from transactions data
    • Hanley K., Lee C., Seguin P. The marketing of closed-end fund IPOs: Evidence from transactions data. Journal of Financial Intermediation. 5:1996;127-159.
    • (1996) Journal of Financial Intermediation , vol.5 , pp. 127-159
    • Hanley, K.1    Lee, C.2    Seguin, P.3
  • 22
    • 0000414660 scopus 로고
    • Large sample properties of generalized method of moments estimators
    • Hansen L. Large sample properties of generalized method of moments estimators. Econometrica. 50:1982;1029-1054.
    • (1982) Econometrica , vol.50 , pp. 1029-1054
    • Hansen, L.1
  • 23
    • 84977722638 scopus 로고
    • The world price of covariance risk
    • Harvey C. The world price of covariance risk. Journal of Finance. 46:1991;111-159.
    • (1991) Journal of Finance , vol.46 , pp. 111-159
    • Harvey, C.1
  • 24
    • 0000486548 scopus 로고
    • The performance of mutual funds in the period 1945-1964
    • Jensen M. The performance of mutual funds in the period 1945-1964. Journal of Finance. 23:1968;389-416.
    • (1968) Journal of Finance , vol.23 , pp. 389-416
    • Jensen, M.1
  • 25
    • 0002234180 scopus 로고
    • Market timing, selectivity, and mutual fund performance: An empirical investigation
    • Lee C., Rahman S. Market timing, selectivity, and mutual fund performance: An empirical investigation. Journal of Business. 63:1990;261-278.
    • (1990) Journal of Business , vol.63 , pp. 261-278
    • Lee, C.1    Rahman, S.2
  • 26
    • 84977716317 scopus 로고
    • Mutual fund performance evaluation: A comparison of benchmarks and benchmark comparisons
    • Lehmann B., Modest D. Mutual fund performance evaluation: A comparison of benchmarks and benchmark comparisons. Journal of Finance. 42:1987;233-265.
    • (1987) Journal of Finance , vol.42 , pp. 233-265
    • Lehmann, B.1    Modest, D.2
  • 27
    • 84977715008 scopus 로고
    • Using generalized method of moments to test mean-variance efficiency
    • Mackinlay C., Richardson M. Using generalized method of moments to test mean-variance efficiency. Journal of Finance. 46:1991;511-527.
    • (1991) Journal of Finance , vol.46 , pp. 511-527
    • Mackinlay, C.1    Richardson, M.2
  • 28
    • 0040520434 scopus 로고
    • Intertemporal asset pricing: An empirical investigation
    • Shanken J. Intertemporal asset pricing: An empirical investigation. Journal of Econometrics. 45:1990;99-120.
    • (1990) Journal of Econometrics , vol.45 , pp. 99-120
    • Shanken, J.1
  • 29
    • 0002716956 scopus 로고
    • Asset allocation: Management style and performance measurement
    • Sharpe, W., 1992. Asset allocation: Management style and performance measurement. Journal of Portfolio Management, pp. 7-19.
    • (1992) Journal of Portfolio Management , pp. 7-19
    • Sharpe, W.1
  • 30
    • 0001739404 scopus 로고
    • Can mutual funds outguess the market?
    • Treynor J., Mazuy K. Can mutual funds outguess the market? Harvard Business Review. 44:1966;131-136.
    • (1966) Harvard Business Review , vol.44 , pp. 131-136
    • Treynor, J.1    Mazuy, K.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.