Performance Measurement And Evaluation
AbstractThis chapter discusses methods and techniques for measuring and evaluating performance for the purpose of controlling the investment process. However, many of the methods discussed in this chapter are also used in communicating investment performance between the investment management company and it’s (potential) customers. Therefore, performance measurements also play an important role in the competition between investments management companies. Substantial evidence from the net sales of mutual funds shows that investors buy mutual funds with good past performance records although they fail to sell funds with bad past performance.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 5048.
Date of creation: 26 Sep 2007
Date of revision:
Performance measurement; risk-adjusted performance;
Find related papers by JEL classification:
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-09-30 (All new papers)
- NEP-CFN-2007-09-30 (Corporate Finance)
- NEP-CSE-2007-09-30 (Economics of Strategic Management)
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