The purpose of this paper is to find out if firms that operate with debt free balance sheet are rewarded more by the investors at large. For this we form portfolios of debt free firms and compare their performance with performance of matching portfolios of leveraged firms from the same industry...

Persistence in performance of fund managers has been a topic of interest among finance fraternity for the last four decades. In this paper we evaluated the relative performance of equity mutual funds in India with respect to three performance indicators, and also tested the persistence in their...

In this paper we evaluated the relative performance of equity mutual funds in India with respect to three performance indicators namely raw returns, the tracking error they generate over their benchmarks, and the information ratios they attain and also tested the persistence in their performance...