| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/t0075 |
| 来源ID | Technical Working Paper 0075 |
| The Delivery of Market Timing Services: Newsletters Versus Market Timing Funds | |
| Alex Kane | |
| 发表日期 | 1991-08-01 |
| 出版年 | 1991 |
| 语种 | 英语 |
| 摘要 | This paper examines the dissemination of market timing information (signals on the overall performance of risky assets relative to the risk free rate). We consider two delivery systems. Under the newsletter delivery system market timing information is disseminated solely through newsletter. Under the fund delivery system, timers set up timing funds in which investors can invest. In the absence of market imperfections we find that both systems produce the same result. With restrictions on borrowing or with other nonlinearities we find the newsletter system to be superior. This is one possible explanation for the plethora of market timing newsletters and the paucity of market timing funds. |
| 主题 | Financial Economics |
| URL | https://www.nber.org/papers/t0075 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/561118 |
| 推荐引用方式 GB/T 7714 | Alex Kane. The Delivery of Market Timing Services: Newsletters Versus Market Timing Funds. 1991. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| t0075.pdf（1015KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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