Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 5 of 5
Full-Text Articles in Social and Behavioral Sciences
Evaluating Brazilian Mutual Funds With Stochastic Frontiers, Andre Santos, Joao Tusi, Newton Da Costa Jr, Sergio Da Silva
Evaluating Brazilian Mutual Funds With Stochastic Frontiers, Andre Santos, Joao Tusi, Newton Da Costa Jr, Sergio Da Silva
Sergio Da Silva
We evaluate the performance of 307 Brazilian stock mutual funds employing stochastic frontiers. We list the top ten actively managed funds and the bottom ten for the period April 2001−July 2003, and show that a fund’s efficiency increases with management skill to beat the market. We also find that portfolios with low volatility tend to be more efficient. Yet we find no relationship between fund size and performance, though this might be blurred by a survivorship bias.
Stock Selection Based On Cluster Analysis, Newton Da Costa Jr, Jefferson Cunha, Sergio Da Silva
Stock Selection Based On Cluster Analysis, Newton Da Costa Jr, Jefferson Cunha, Sergio Da Silva
Sergio Da Silva
We put forward a technique based on cluster analysis to group stocks in spot markets according to a risk−return criterion. We show how an informed investor will make money using the cluster analysis to select stocks of major companies from North and South America.
Stockmarket Comovements Revisited, Newton Da Costa Jr, Silvia Nunes, Paulo Ceretta, Sergio Da Silva
Stockmarket Comovements Revisited, Newton Da Costa Jr, Silvia Nunes, Paulo Ceretta, Sergio Da Silva
Sergio Da Silva
We revisit the issue of comovements of emerging and developed stockmarkets, and provide a simultaneous treatment of data for the eighties and nineties. We show that while emerging markets experience greater instability in the long term than their developed counterparts, there is room for short−term strategies to take advantage of profit opportunities in the emerging markets, especially in India.
Retirement Plans, Attitudes, And Expectations Of Kansas Board Of Regents Faculty, Carl Parker, Bill Rickman, Rory Terry, Tom Johansen
Retirement Plans, Attitudes, And Expectations Of Kansas Board Of Regents Faculty, Carl Parker, Bill Rickman, Rory Terry, Tom Johansen
Fort Hays Studies Series
This data set enables the examination of investment choices of a mature group of faculty, where saving for retirement is a major investment objective. Consideration of future retirement-related policy proposals by universities should be evaluated with an understanding of the relative importance of economic and non-economic influences upon the retirement decision by university faculty.
Financing Strategies Of The R & D Firm, Lawrence Fogelberg, John M, Griffith
Financing Strategies Of The R & D Firm, Lawrence Fogelberg, John M, Griffith
Finance Faculty Publications
This paper investigates the financing strategies of the R&D firm. Our hypotheses are based on Cho's (1992) game theory model where the firm develops a product but needs additional financing to bring it to market. The model generates a particularly rich set of hypotheses: 1) to fund the completion of its project and bring its product to market, the firm initiates negotiations with an established firm; 2) the majority of the acquisitions will be partial cash acquisitions through private secondary offerings. Confirming the model's hypotheses, we find that the majority of the acquisitions are partial cash acquisitions by significantly larger …