Plantinga, Auke (2007): PERFORMANCE MEASUREMENT AND EVALUATION.
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This chapter discusses methods and techniques for measuring and evaluating performance for the purpose of controlling the investment process. However, many of the methods discussed in this chapter are also used in communicating investment performance between the investment management company and it’s (potential) customers. Therefore, performance measurements also play an important role in the competition between investments management companies. Substantial evidence from the net sales of mutual funds shows that investors buy mutual funds with good past performance records although they fail to sell funds with bad past performance.
|Item Type:||MPRA Paper|
|Institution:||University of Groningen|
|Original Title:||PERFORMANCE MEASUREMENT AND EVALUATION|
|Keywords:||Performance measurement; risk-adjusted performance|
|Subjects:||G - Financial Economics > G1 - General Financial Markets > G11 - Portfolio Choice; Investment Decisions|
|Depositing User:||Auke Plantinga|
|Date Deposited:||26. Sep 2007|
|Last Modified:||11. Feb 2013 18:36|