• Medientyp: E-Artikel
  • Titel: Chapter 14. Investment Performance: A Review and Synthesis
  • Beteiligte: Ferson, Wayne E. [VerfasserIn]
  • Erschienen: 2013
  • Erschienen in: Handbook of the economics of finance ; Vol. 2,B: Financial markets and asset pricing ; (2013), Seite 969-1010
  • Sprache: Englisch
  • DOI: 10.1016/B978-0-44-459406-8.00014-7
  • ISBN: 9780444594068
  • Identifikator:
  • Schlagwörter: Mutual funds ; Hedge funds ; Bond funds ; Stochastic discount factors ; Portfolio holdings ; Bootstrap ; Market efficiency ; Portfolio management
  • Entstehung:
  • Anmerkungen:
  • Beschreibung: This chapter provides a perspective on the rapidly developing literature on investment performance evaluation. I use the stochastic discount factor approach to present and critique current performance measurement techniques in a unified setting. I offer a number of suggestions to improve performance measurement in future research. I also review recent research on the performance of mutual funds, hedge funds, pension funds, and other investment vehicles.