MUTUAL FUND PERFORMANCE PERSISTENCE

MUTUAL FUND PERFORMANCE PERSISTENCE

Mutual fund persistence is well documented in the finance literature, but not well explained. The purpose of this paper is to examine the performance persistence of a large sample ofmutual funds over time. Specifically do mutual fund managers show positive (negative) performanceyear after year? <...

Full description

Bibliographic Details
Main Authors: Ali Saleh abadi, Yahya Hassas Yeganeh, Hamid Zargham boroujeni, Javad Ebadi
Format: Article
Language:fas
Published: University of Tehran 2016-06-01
Series:تحقیقات مالی
Subjects:
mutual fund
performance appraisal
persistence of performance
market efficiency
Online Access:https://jfr.ut.ac.ir/article_59270_433dc6c0fc169012fe9764ab35240fcb.pdf
id doaj-1c058af9205a434ba4b176f88d213683
record_format Article
spelling doaj-1c058af9205a434ba4b176f88d2136832020-11-25T01:41:56ZfasUniversity of Tehranتحقیقات مالی1024-81532423-53772016-06-0118233134610.22059/jfr.2016.5927059270MUTUAL FUND PERFORMANCE PERSISTENCEAli Saleh abadi0Yahya Hassas Yeganeh1Hamid Zargham boroujeni2Javad Ebadi3Ph.D. in Financial Management, Faculty of Management University of Tehran, IranAssociate Prof., University of Allameh Tabatabaei, Tehran, IranAssociate Prof., University of Allameh Tabatabaei, Tehran, IranPh.D. Candidate in Financial Management, University of Allameh Tabatabaei, Tehran, IranMutual fund persistence is well documented in the finance literature, but not well explained. The purpose of this paper is to examine the performance persistence of a large sample ofmutual funds over time. Specifically do mutual fund managers show positive (negative) performanceyear after year? <br />Accordingly in light of random walk, strong form of efficiency can be tested through the study of the persistence in mutual funds performance. In this paper, the performance consistency for 62 mutual funds, from April 2008 to March 2014, is examined. Our findings indicate the strong form of efficiency from evidence Tehran Stock Exchange.https://jfr.ut.ac.ir/article_59270_433dc6c0fc169012fe9764ab35240fcb.pdfmutual fundperformance appraisalpersistence of performancemarket efficiency
collection DOAJ
language fas
format Article
sources DOAJ
author Ali Saleh abadi
Yahya Hassas Yeganeh
Hamid Zargham boroujeni
Javad Ebadi
spellingShingle Ali Saleh abadi
Yahya Hassas Yeganeh
Hamid Zargham boroujeni
Javad Ebadi
MUTUAL FUND PERFORMANCE PERSISTENCE
تحقیقات مالی
mutual fund
performance appraisal
persistence of performance
market efficiency
author_facet Ali Saleh abadi
Yahya Hassas Yeganeh
Hamid Zargham boroujeni
Javad Ebadi
author_sort Ali Saleh abadi
title MUTUAL FUND PERFORMANCE PERSISTENCE
title_short MUTUAL FUND PERFORMANCE PERSISTENCE
title_full MUTUAL FUND PERFORMANCE PERSISTENCE
title_fullStr MUTUAL FUND PERFORMANCE PERSISTENCE
title_full_unstemmed MUTUAL FUND PERFORMANCE PERSISTENCE
title_sort mutual fund performance persistence
publisher University of Tehran
series تحقیقات مالی
issn 1024-8153
2423-5377
publishDate 2016-06-01
description Mutual fund persistence is well documented in the finance literature, but not well explained. The purpose of this paper is to examine the performance persistence of a large sample ofmutual funds over time. Specifically do mutual fund managers show positive (negative) performanceyear after year? <br />Accordingly in light of random walk, strong form of efficiency can be tested through the study of the persistence in mutual funds performance. In this paper, the performance consistency for 62 mutual funds, from April 2008 to March 2014, is examined. Our findings indicate the strong form of efficiency from evidence Tehran Stock Exchange.
topic mutual fund
performance appraisal
persistence of performance
market efficiency
url https://jfr.ut.ac.ir/article_59270_433dc6c0fc169012fe9764ab35240fcb.pdf
work_keys_str_mv AT alisalehabadi mutualfundperformancepersistence
AT yahyahassasyeganeh mutualfundperformancepersistence
AT hamidzarghamboroujeni mutualfundperformancepersistence
AT javadebadi mutualfundperformancepersistence
_version_ 1725038795572641792

Similar Items