Impact of Fund Managers Changes on Polish Equity Funds Performance
Purpose - the aim of the article was an analysis of the returns of universal Polish equity investment funds before and after the change of portfolio managers. The article deals with the following research problem: how the replacement of investment fund managers impacts the results of Polish equity f...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2017-06-01
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| Series: | Folia Oeconomica Stetinensia |
| Subjects: | |
| Online Access: | https://doi.org/10.1515/foli-2017-0008 |
| _version_ | 1818587100833906688 |
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| author | Asyngier Roman Miziołek Tomasz |
| author_facet | Asyngier Roman Miziołek Tomasz |
| author_sort | Asyngier Roman |
| collection | DOAJ |
| description | Purpose - the aim of the article was an analysis of the returns of universal Polish equity investment funds before and after the change of portfolio managers. The article deals with the following research problem: how the replacement of investment fund managers impacts the results of Polish equity funds. Methodology - the research methodology which used the indexes of relative strength allows determining the abnormal returns of funds in relation to the WIG Index before and after the change of managers. Findings - the analyses showed negative abnormal returns before changing managers and ambiguous tendencies after the change of managers. Originality - this kind of study has not been conducted for the Polish capital market so far. |
| first_indexed | 2024-12-16T09:03:30Z |
| format | Article |
| id | doaj.art-798e709fc1c34c8ebbbc09f1c13e0f21 |
| institution | Directory Open Access Journal |
| issn | 1898-0198 |
| language | English |
| last_indexed | 2024-12-16T09:03:30Z |
| publishDate | 2017-06-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Folia Oeconomica Stetinensia |
| spelling | doaj.art-798e709fc1c34c8ebbbc09f1c13e0f212022-12-21T22:37:07ZengSciendoFolia Oeconomica Stetinensia1898-01982017-06-011719710810.1515/foli-2017-0008foli-2017-0008Impact of Fund Managers Changes on Polish Equity Funds PerformanceAsyngier Roman0Miziołek Tomasz1Maria Curie-Sklodowska University in Lublin Faculty of Economics Department of Financial Markets 5 Maria Curie-Sklodowska Square, 20-031 Lublin, PolandUniversity of Lodz Faculty of Economics and Sociology Department of Finance and International Investment P.O.W. 3/5, 90-255 Łódź, PolandPurpose - the aim of the article was an analysis of the returns of universal Polish equity investment funds before and after the change of portfolio managers. The article deals with the following research problem: how the replacement of investment fund managers impacts the results of Polish equity funds. Methodology - the research methodology which used the indexes of relative strength allows determining the abnormal returns of funds in relation to the WIG Index before and after the change of managers. Findings - the analyses showed negative abnormal returns before changing managers and ambiguous tendencies after the change of managers. Originality - this kind of study has not been conducted for the Polish capital market so far.https://doi.org/10.1515/foli-2017-0008investment fundsportfolio managementrelative strength |
| spellingShingle | Asyngier Roman Miziołek Tomasz Impact of Fund Managers Changes on Polish Equity Funds Performance Folia Oeconomica Stetinensia investment funds portfolio management relative strength |
| title | Impact of Fund Managers Changes on Polish Equity Funds Performance |
| title_full | Impact of Fund Managers Changes on Polish Equity Funds Performance |
| title_fullStr | Impact of Fund Managers Changes on Polish Equity Funds Performance |
| title_full_unstemmed | Impact of Fund Managers Changes on Polish Equity Funds Performance |
| title_short | Impact of Fund Managers Changes on Polish Equity Funds Performance |
| title_sort | impact of fund managers changes on polish equity funds performance |
| topic | investment funds portfolio management relative strength |
| url | https://doi.org/10.1515/foli-2017-0008 |
| work_keys_str_mv | AT asyngierroman impactoffundmanagerschangesonpolishequityfundsperformance AT miziołektomasz impactoffundmanagerschangesonpolishequityfundsperformance |