Zobrazit minimální záznam
dc.contributor.author |
Filip, Dariusz
|
|
dc.date.accessioned |
2020-02-06T12:36:21Z |
|
dc.date.available |
2020-02-06T12:36:21Z |
|
dc.date.issued |
2019 |
|
dc.identifier.issn |
1211-555X (Print) |
|
dc.identifier.issn |
1804-8048 (Online) |
|
dc.identifier.uri |
https://hdl.handle.net/10195/74593 |
|
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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