| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2177 |
| DP2177 Minimum Wages and On-the-Job Training | |
| Jorn-Steffen Pischke; Daron Acemoğlu | |
| 发表日期 | 1999-07-26 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | The performance, and its characteristics, of Swedish-based equity and bond mutual funds are studied in detail. Accounting for survivorship biases, regular equity funds have a slight overperformance, equity funds with certain tax advantages have a negative performance (before tax), and bond funds a clear underperformance. The performance is related to fund specific characteristics such as netflows of new money into funds, past performance, expense measures, commissions paid by the funds, turnover, and the size of funds. The economic importance of the cross-sectional differences is quantified by investigating various trading strategies. |
| 主题 | Financial Economics |
| 关键词 | In- and outflows Persistence Portfolio evaluation Style analysis Survivorship bias |
| URL | https://cepr.org/publications/dp2177 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531291 |
| 推荐引用方式 GB/T 7714 | Jorn-Steffen Pischke,Daron Acemoğlu. DP2177 Minimum Wages and On-the-Job Training. 1999. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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