| dc.contributor.author | Assibey-Yeboah, Mavis | |
| dc.contributor.author | Jiao, Xuyang | |
| dc.date.accessioned | 2016-10-06T11:30:46Z | |
| dc.date.available | 2016-10-06T11:30:46Z | |
| dc.date.issued | 2016-10-06 | |
| dc.identifier.uri | http://hdl.handle.net/2077/48252 | |
| dc.description | MSc in Finance | sv |
| dc.description.abstract | Evidence regarding the tournament hypothesis are mixed. In this thesis, we conduct
the tournament analysis once more and nd that both monthly and daily data sets
provide no proof of tournament behaviour. However, there were tournaments in
monthly data using a di erent time period from the one selected for this work.
Further, we found that the presence of autocorrelation in data had no e ect on
tournament results. We also saw that sorting bias, which is as a result of rst-half
risk sorting after mid-year performance ranking, produced evidence of tournaments.
This is due to mean reversion of the sorted risk levels and the incidence was closely
linked to the bear and bull market periods. | sv |
| dc.language.iso | eng | sv |
| dc.relation.ispartofseries | Master Degree Project | sv |
| dc.relation.ispartofseries | 2016:166 | sv |
| dc.subject | Mutual fund tournaments | sv |
| dc.subject | Relative return | sv |
| dc.subject | Standard deviation ratio | sv |
| dc.subject | Autocorrelation | sv |
| dc.subject | Moving average | sv |
| dc.subject | Four-factor model | sv |
| dc.subject | Linear regression | sv |
| dc.subject | Residual risk | sv |
| dc.subject | Systematic risk | sv |
| dc.subject | Sorting bias | sv |
| dc.title | Are There Tournaments In Mutual Funds? | sv |
| dc.type | Text | |
| dc.setspec.uppsok | SocialBehaviourLaw | |
| dc.type.uppsok | H2 | |
| dc.contributor.department | University of Gothenburg/Graduate School | eng |
| dc.contributor.department | Göteborgs universitet/Graduate School | swe |
| dc.type.degree | Master 2-years | |
