Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 7 of 7 for “"Stock picking"”.
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Essays on empirical asset pricing
… via profitable bets on firm specific risks (stock-picking), I show that a new first-order stochastic dominance (FSD) condition can be employed as an additional search criterion to identify such skilled stock-pickers. I implement an FSD filter to select funds by bootstrapping the return …
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False Discoveries in the Performance of Canadian Equity Mutual Funds
… methods confirm the existence of manager stock-picking skill among the fund sample.
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Information risk, uncertainty risk and asset prices
… We find mutual fund managers show significant stock picking skills on firms which are the long-term clients of the investment banks for which the managers formerly work. Managers perform significantly better on connected holdings relative to non-connected holdings. A replicating portfolio of …
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Two Essays in Corporate Finance
… show that political connected funds’ aggregated stock holding change predicts subsequent abnormal stock return around earnings announcement day, implying that political connection promotes manager’s stock picking ability. Further evidence using sample of entry buys and exit sells shows that …
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UK mutual fund performance
… in. The study points to the existence of genuine stock picking ability among a relatively small number of top performing UK equity mutual funds (i. e. performance which is not solely due to good luck). At the negative end of the performance scale, the analysis strongly rejects the hypothesis that …
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Do money managers outperform their respective benchmark? Evidence from South African Unit Trust industry
… driven mainly by asset allocation activities and stock picking of asset managers do not add significant value. In addition, test results also indicate that South African equity unit trust managers are not good at managing risk as the majority of the unit trusts exhibit higher standard deviation …
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Actively Managed Mutual Fund Holdings and Fund Performance
… the creation of a new variable using funds’ stock holdings information. My results show that this new variable, Holdings Batting Average, is related to the future performance of managers. My next chapter, Quarterly Mutual Fund Holdings Information and Window Dressing examines two different …