Determinants and performance of outsourcing in the european mutual fund market
نویسندگان
چکیده
Most studies on mutual fund outsourcing have focused the U.S. market. The objective of our study is to investigate determinants decision outsource and impact performance in European market differs from one terms structure. In U.S., banks play a minor role while situation Europe opposite: Banks dominate market, independent companies roles. This difference structure can both relationship between performance. insurance that do not specialize portfolio management tend their services external companies. Europe, banking groups often integrated into groups, allowing them keep in-house. performance, contrast recent based U.S results show outsourced funds perform at least as well in-housed funds. They are even more performing than in-house short term.
منابع مشابه
Outsourcing Mutual Fund Management: Firm Boundaries, Incentives and Performance
If two advisors are listed in Thomson Mutual Fund Holdings Database, but only one of the names does not match the name of the family complex, we identify that fund as a candidate for being outsourced. Note the limitation to “candidate” because advisors with different names may still be affiliated. We carefully do this matching by hand so as to account for issues such as slight variations of nam...
متن کاملthe role of russia in transmission of energy from central asia and caucuses to european union
پس ازفروپاشی شوروی،رشد منابع نفت و گاز، آسیای میانه و قفقاز را در یک بازی ژئوپلتیکی انرژی قرار داده است. با در نظر گرفتن این منابع هیدروکربنی، این منطقه به یک میدانجنگ و رقابت تجاری برای بازی های ژئوپلتیکی قدرت های بزرگ جهانی تبدیل شده است. روسیه منطقه را به عنوان حیات خلوت خود تلقی نموده و علاقمند به حفظ حضورش می باشد تا همانند گذشته گاز طبیعی را به وسیله خط لوله مرکزی دریافت و به عنوان یک واس...
15 صفحه اولthe relationship between learners critical thinking ability and their performance in the reading sections of the tofel and ielts test
the study reflected in this thesis aims at finding out relationships between critical thinking (ct), and the reading sections of tofel and ielts tests. the study tries to find any relationships between the ct ability of students and their performance on reading tests of tofel and academic ielts. however, no research has ever been conducted to investigate the relationship between ct and the read...
15 صفحه اولEvaluating Mutual Fund Performance
We study standard mutual fund performance measures, using simulated funds whose characteristics mimic actual funds. We find that performance measures used in previous mutual fund research have little ability to detect economically large magnitudes ~e.g., three percent per year! of abnormal fund performance, particularly if a fund’s style characteristics differ from those of the value-weighted m...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of International Financial Markets, Institutions and Money
سال: 2021
ISSN: ['1042-4431', '1873-0612']
DOI: https://doi.org/10.1016/j.intfin.2021.101346