Cheong, Mun-Kyung; Kim, Yong-Hyeon; Kim, Kyoung-Ha - In: Global business and finance review 28 (2023) 6, pp. 95-111
Purpose: This study criticizes the existing benchmarks of the national equity fund specified by the National Pension Service and proposes alternative benchmarks. Design/methodology/approach: First, this study investigates whether the existing benchmarks returns are affected by the value and...