Managerial Abilities: Evidence from Religious Mutual Fund Managers
In this study, we analyze the financial performance and the managerial abilities of religious mutual fund managers, implementing a comparative analysis with conventional mutual funds. We use a broad sample, free of survivorship bias, of religious equity mutual funds from the US market, for the perio...
| Authors: | ; ; |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
|
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer
2012
|
| In: |
Journal of business ethics
Year: 2012, Volume: 105, Issue: 4, Pages: 503-517 |
| Further subjects: | B
Style timing
B Religious mutual funds B market timing B Conditional performance B Stock-picking |
| Online Access: |
Volltext (JSTOR) Volltext (lizenzpflichtig) |
MARC
| LEADER | 00000caa a22000002 4500 | ||
|---|---|---|---|
| 001 | 1785644203 | ||
| 003 | DE-627 | ||
| 005 | 20230710121115.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 220112s2012 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1007/s10551-011-0982-y |2 doi | |
| 035 | |a (DE-627)1785644203 | ||
| 035 | |a (DE-599)KXP1785644203 | ||
| 035 | |a (DE-He213)s10551-011-0982-y-e | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 1 |a 0 |2 ssgn | ||
| 100 | 1 | |a Ferruz, Luis |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a Managerial Abilities: Evidence from Religious Mutual Fund Managers |
| 264 | 1 | |c 2012 | |
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a In this study, we analyze the financial performance and the managerial abilities of religious mutual fund managers, implementing a comparative analysis with conventional mutual funds. We use a broad sample, free of survivorship bias, of religious equity mutual funds from the US market, for the period from January 1994 to September 2010. We build a matched-pair conventional sample in order to compare the results obtained for both kinds of mutual fund managers. We analyze stock-picking and market timing abilities, topics widely neglected for the specific case of religious mutual fund managers. We also study style timing abilities. As far as we are aware, this aspect has not been studied previously for religious mutual fund managers. Our results indicate that religious mutual fund managers underperform both the market and their conventional counterparts. This result is driven by negative stock-picking ability which could be generated by excluding “Sin” stocks from their portfolios. Moreover, they are not able to time the market or any of the following styles: size, book-to-market, and momentum. | ||
| 650 | 4 | |a Conditional performance | |
| 650 | 4 | |a Style timing | |
| 650 | 4 | |a market timing | |
| 650 | 4 | |a Stock-picking | |
| 650 | 4 | |a Religious mutual funds | |
| 700 | 1 | |a Muñoz, Fernando |e VerfasserIn |4 aut | |
| 700 | 1 | |a Vargas, María |e VerfasserIn |4 aut | |
| 773 | 0 | 8 | |i Enthalten in |t Journal of business ethics |d Dordrecht : Springer, 1982 |g 105(2012), 4, Seite 503-517 |h Online-Ressource |w (DE-627)270937129 |w (DE-600)1478688-6 |w (DE-576)121465284 |x 1573-0697 |7 nnns |
| 773 | 1 | 8 | |g volume:105 |g year:2012 |g number:4 |g pages:503-517 |
| 856 | |3 Volltext |u http://www.jstor.org/stable/41413234 |x JSTOR | ||
| 856 | 4 | 0 | |u https://doi.org/10.1007/s10551-011-0982-y |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 935 | |a mteo | ||
| 951 | |a AR | ||
| ELC | |a 1 | ||
| ITA | |a 1 |t 1 | ||
| LOK | |0 000 xxxxxcx a22 zn 4500 | ||
| LOK | |0 001 403370308X | ||
| LOK | |0 003 DE-627 | ||
| LOK | |0 004 1785644203 | ||
| LOK | |0 005 20220112043744 | ||
| LOK | |0 008 220112||||||||||||||||ger||||||| | ||
| LOK | |0 035 |a (DE-Tue135)IxTheo#2021-12-30#345096B3776D4588248EE49C87AC81F277862176 | ||
| LOK | |0 040 |a DE-Tue135 |c DE-627 |d DE-Tue135 | ||
| LOK | |0 092 |o n | ||
| LOK | |0 852 |a DE-Tue135 | ||
| LOK | |0 852 1 |9 00 | ||
| LOK | |0 866 |x JSTOR#http://www.jstor.org/stable/41413234 | ||
| LOK | |0 935 |a ixzs |a ixrk |a zota | ||
| ORI | |a SA-MARC-ixtheoa001.raw | ||
| REL | |a 1 | ||
| SUB | |a REL | ||