Management structure in the performance of Polish mutual funds: Does team spirit matter?

Show simple item record Filip, Dariusz 2020-02-06T12:36:21Z 2020-02-06T12:36:21Z 2019
dc.identifier.issn 1211-555X (Print)
dc.identifier.issn 1804-8048 (Online)
dc.description.abstract This paper focuses on finding answers to two questions. The first one asks if there are any significant differences in performance between solo-managed and teammanaged funds. The second one is supposed to establish whether a management structure can be treated as a determinant of returns generated by mutual funds operating in Poland. The study was conducted on the basis of 835 annual observations, 388 of which concerned solo-managed funds and 447 – team-managed funds, in the period 2000-2017. The returns were calculated by means of a few popular measures of abnormal returns regarding the stock picking ability of fund managers. The methodological procedure consisted of four research tools which ensured a greater certainty of the statistical inference. The findings show that there are insignificant discrepancies in the performance of funds characterized by a different number of managers, yet they are noticeable in very few annual periods. The results obtained as an effect of determining the influence of a management structure on performance are statistically insignificant, which means that the examined variable is not a determinant of performance, at least as far as Polish circumstances are concerned. en
dc.format p. 53 - 65 (13 s.)
dc.language.iso en
dc.publisher University of Pardubice en
dc.relation.ispartof Scientific papers of the University of Pardubice. Series D, Faculty of Economics and Administration. 47/2019 en
dc.rights open access en
dc.subject performance en
dc.subject managers en
dc.subject team-managed funds en
dc.subject solo-managed funds en
dc.title Management structure in the performance of Polish mutual funds: Does team spirit matter? en
dc.type Article en
dc.peerreviewed yes en
dc.publicationstatus published en
dc.subject.jel G20
dc.subject.jel G23
dc.subject.jel G40

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