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Ownership and performance of microfinance institutions : empirical evidences from India

Khan, Asif; Ahmad, Alam; Shireen, Saba - In: Cogent economics & finance 9 (2021) 1, pp. 1-20

analysis (DEA) to assess the bias-corrected efficiency scores. To identify the performance determinants, we use bootstrap …The study examines the efficiency differences across the ownership structure of Indian microfinance institutions (MFIs … and statistically significant impact on the efficiency level. Although the coefficient of PAR30 (Portfolio at risk, 30 …

Persistent link: https://www.econbiz.de/10013183998

Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency and Productivity Methods

Cummins, J David - 2014

The objective of this paper is to discuss the use of modern frontier efficiency analysis to analyze firm performance in … research to incorporate the frontier efficiency approach. The chapter also serves as a guide for those who are already … conducting frontier efficiency analysis but are seeking guidance in using the methodology or defining inputs and outputs. We …

Persistent link: https://www.econbiz.de/10013066707

Greene, Jason T. - 2016

We examine how the motivation behind the launch of a mutual fund is associated with the fund's subsequent performance. We find that mutual funds have incentives to cater to investor sentiment to attract assets under management by launching trendy mutual funds. The incentives to launch trendy...

Persistent link: https://www.econbiz.de/10012984894

Fund Manager Characteristics and Performance

Fang, Yi - 2014

This study establishes a multi-tier framework to evaluate how fund manager characteristics systematically affect mutual fund performance. The framework includes three tiers of performance elements: 1) comprehensive performance, 2) return and risk, and 3) timing skill and picking ability. Using...

Persistent link: https://www.econbiz.de/10013049483

The Performance Life Cycle of Hedge Funds : Can Investors Achieve Lasting Performance?

Gao, Chao - 2019

We examine the performance life cycle of hedge funds. Performance declines with age are pervasive, not just for the average fund, but also for past winners and for funds with characteristics that predict cross-sectional returns. Fund growth and decreasing performance incentives appear to...

Persistent link: https://www.econbiz.de/10012899455

Investment Performance Ranking of Superannuation Firms

Sy, Wilson N. - 2014

Investment performance studies of pension or mutual funds have overall been too statistically inconclusive to create definitive rankings to help investors make fund selection decisions. This paper presents an alternative approach based on comparing the pension or mutual fund firms themselves...

Persistent link: https://www.econbiz.de/10013058440

Managerial ownership changes and mutual fund performance

Martin, Thorsten; Sonnenburg, Florian - 2015

We study the dynamics of fund manager ownership for a sample of U.S. equity mutual funds from 2005 to 2011. We find that ownership changes positively predict changes in future risk-adjusted fund performance. A one-standard-deviation increase in ownership predicts a 1.6 percent increase in alpha...

Persistent link: https://www.econbiz.de/10011544341

Managerial ownership changes and mutual fund performance

Martin, Thorsten; Sonnenburg, Florian - 2015 - This draft: August 2015

We study the dynamics of fund manager ownership for a sample of U.S. equity mutual funds from 2005 to 2011. We find that ownership changes positively predict changes in future risk-adjusted fund performance. A one-standarddeviation increase in ownership predicts a 1.6 percent increase in alpha...

Persistent link: https://www.econbiz.de/10011526141

Active managers are skilled

Berk, Jonathan B.; Binsbergen, Jules H. van - 2015

Active fund managers are skilled and, on average, have used their skill to generate about $3.2 million per year. Large cross-sectional differences in skill persist for as long as ten years. Investors recognize this skill and reward it by investing more capital in funds managed by better...

Persistent link: https://www.econbiz.de/10011862190

Do public firms respond to investment opportunities more than private firms? : the impact of initial firm quality

Maksimovic, Vojislav; Phillips, Gordon M.; Yang, Liu - 2017 - This version: December 15, 2017

We track firms at birth and compare the growth pattern of IPO firms and their birth-matched counterparts. Firms that are larger at birth with faster initial growth are more likely to attain a larger size later in life and go public. Firms in the top percentile of predicted propensity to go...

Persistent link: https://www.econbiz.de/10011847755