Market crises and benchmark-adjusted fund alphas in a small market context
Most mutual fund performance evaluation studies interpret fund alphas as the incremental performance of managers in relation to passive benchmark indices, which should exhibit statistically insignificant alphas. However, if these indices present significant non-zero alphas, standard (non-adjusted) f...
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| Pubblicato in: | Revista Galega de Economía |
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| Autori principali: | , , , |
| Natura: | Artigo |
| Lingua: | Inglês |
| Pubblicazione: |
Universidade de Santiago de Compostela
2023
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| Soggetti: | |
| Accesso online: | https://www.redalyc.org/articulo.oa?id=39180884004 https://www.redalyc.org/journal/391/39180884004/ https://www.redalyc.org/journal/391/39180884004/html/ https://www.redalyc.org/journal/391/39180884004/39180884004.epub https://www.redalyc.org/journal/391/39180884004/movil |
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