Portfolio Performance Evaluation in Mutual Funds and Investment Companies With Henriksson – Merton Model
Generally investors invest in a mutual fund by considering capital appreciation, better liquidity and less risk. So this study makes a comprehensive evaluation of equity-linked schemes. The return computed on the basis of the Net Asset Values of the different schemes and returns in the market. Resea...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | fas |
| Published: |
Alzahra University
2013-03-01
|
| Series: | پژوهش‌های تجربی حسابداری |
| Subjects: | |
| Online Access: | http://jera.alzahra.ac.ir/article_572_0408c69c79f4c2cb390c5e9d7bf82c8d.pdf |
| _version_ | 1818493051899740160 |
|---|---|
| author | Yadollh Tariverdi Mohammad Faraji Armaki Reza Daghani Farzaneh Heidarpour |
| author_facet | Yadollh Tariverdi Mohammad Faraji Armaki Reza Daghani Farzaneh Heidarpour |
| author_sort | Yadollh Tariverdi |
| collection | DOAJ |
| description | Generally investors invest in a mutual fund by considering capital appreciation, better liquidity and less risk. So this study makes a comprehensive evaluation of equity-linked schemes. The return computed on the basis of the Net Asset Values of the different schemes and returns in the market. Research’s Hypotheses about the variables collected and analyzed for the units has been calculated based on theoretical principles and research findings. Our database is composed by 26 mutual funds and 27 investment companies acting in the Tehran stock exchange with monthly returns data from March 2005 to February 2009. The tests of hypotheses are based upon regression analysis, t- student and correlation coefficients. In this research, it has traditionally been supposed that a manager’s success is determined by his/her ability to choose a stock that outperforms other securities with a similar level of weight and return investment units in the market. |
| first_indexed | 2024-12-10T17:50:11Z |
| format | Article |
| id | doaj.art-18df9a517be8459db1cb4df49e5105bd |
| institution | Directory Open Access Journal |
| issn | 2251-8509 2538-1520 |
| language | fas |
| last_indexed | 2024-12-10T17:50:11Z |
| publishDate | 2013-03-01 |
| publisher | Alzahra University |
| record_format | Article |
| series | پژوهش‌های تجربی حسابداری |
| spelling | doaj.art-18df9a517be8459db1cb4df49e5105bd2022-12-22T01:39:06ZfasAlzahra Universityپژوهش‌های تجربی حسابداری2251-85092538-15202013-03-0123839910.22051/jera.2013.572572Portfolio Performance Evaluation in Mutual Funds and Investment Companies With Henriksson – Merton ModelYadollh Tariverdi0Mohammad Faraji Armaki1Reza Daghani2Farzaneh Heidarpour3دانشکده اقتصاد و حسابداری، دانشگاه آزاد اسلامی واحد تهران مرکزیدانشکده اقتصاد و حسابداری، دانشگاه آزاد اسلامی واحد تهران مرکزیدانشکده مدیریت و اقتصاد، دانشگاه تربیت مدرسدانشکده اقتصاد و حسابداری، دانشگاه آزاد اسلامی واحد تهران مرکزیGenerally investors invest in a mutual fund by considering capital appreciation, better liquidity and less risk. So this study makes a comprehensive evaluation of equity-linked schemes. The return computed on the basis of the Net Asset Values of the different schemes and returns in the market. Research’s Hypotheses about the variables collected and analyzed for the units has been calculated based on theoretical principles and research findings. Our database is composed by 26 mutual funds and 27 investment companies acting in the Tehran stock exchange with monthly returns data from March 2005 to February 2009. The tests of hypotheses are based upon regression analysis, t- student and correlation coefficients. In this research, it has traditionally been supposed that a manager’s success is determined by his/her ability to choose a stock that outperforms other securities with a similar level of weight and return investment units in the market.http://jera.alzahra.ac.ir/article_572_0408c69c79f4c2cb390c5e9d7bf82c8d.pdfPerformance EvaluationMarket TimingAllocationSelectivity |
| spellingShingle | Yadollh Tariverdi Mohammad Faraji Armaki Reza Daghani Farzaneh Heidarpour Portfolio Performance Evaluation in Mutual Funds and Investment Companies With Henriksson – Merton Model پژوهش‌های تجربی حسابداری Performance Evaluation Market Timing Allocation Selectivity |
| title | Portfolio Performance Evaluation in Mutual Funds and Investment Companies With Henriksson – Merton Model |
| title_full | Portfolio Performance Evaluation in Mutual Funds and Investment Companies With Henriksson – Merton Model |
| title_fullStr | Portfolio Performance Evaluation in Mutual Funds and Investment Companies With Henriksson – Merton Model |
| title_full_unstemmed | Portfolio Performance Evaluation in Mutual Funds and Investment Companies With Henriksson – Merton Model |
| title_short | Portfolio Performance Evaluation in Mutual Funds and Investment Companies With Henriksson – Merton Model |
| title_sort | portfolio performance evaluation in mutual funds and investment companies with henriksson merton model |
| topic | Performance Evaluation Market Timing Allocation Selectivity |
| url | http://jera.alzahra.ac.ir/article_572_0408c69c79f4c2cb390c5e9d7bf82c8d.pdf |
| work_keys_str_mv | AT yadollhtariverdi portfolioperformanceevaluationinmutualfundsandinvestmentcompanieswithhenrikssonmertonmodel AT mohammadfarajiarmaki portfolioperformanceevaluationinmutualfundsandinvestmentcompanieswithhenrikssonmertonmodel AT rezadaghani portfolioperformanceevaluationinmutualfundsandinvestmentcompanieswithhenrikssonmertonmodel AT farzanehheidarpour portfolioperformanceevaluationinmutualfundsandinvestmentcompanieswithhenrikssonmertonmodel |