Caporin, Massimiliano; Lisi, Francesco - In: Economics: The Open-Access, Open-Assessment E-Journal 5 (2011) 2011-10, pp. 1-34
The financial economics literature proposes dozens of performance measures to be used, for instance, to compare, analyse, rank and select assets. There is thus a problem: which measures should be considered? We extend the current literature by comparing a large set of performance measures over...
