Most research on competitive balance (CB) in North American sport leagues examines regular-season outcomes only, and does not analyze the potential impacts of postseason playoff tournaments. This article finds that playoffs do matter in a CB sense, in that they can substantially reconfigure...

Poland has undergone a dramatic shift in its economy during the 1980s and early 1990s by essentially moving from a command to a free market orientation. To realize the full benefit of this shift, however, Poland will need to do everything possible to exploit its current national competitive...

Purpose – The purpose of this paper is to examine managerial skill of US equity mutual funds in the context of both abnormal return and risk. Design/methodology/approach – The authors evaluate manager skill based on the outperforming probability and cumulative distribution function of the...

Purpose – The purpose of this study is to examine the market‐timing ability of mutual fund flows and how fund investors conduct asset allocation in response to market volatility. Design/methodology/approach – The paper compares the abnormal returns of net inflow funds with those of net...