Timing in Portfolio Evaluation: Evidence of capital market
Using the Treynor and Mazoy model (expanded by Fama to evaluate management performance for asset allocation among investment units), this paper examines the management’s performance in Funds and Investment companies in Tehran Stock Exchange during 2004-2010. The results do not support the applicatio...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
2014-03-01
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| Series: | تحقیقات مالی |
| Subjects: | |
| Online Access: | https://jfr.ut.ac.ir/article_51838_ed2bd44cb791b165f1bd34bc135917d5.pdf |