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https://hdl.handle.net/1822/45029
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Campo DC | Valor | Idioma |
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dc.contributor.author | Leite, Paulo | por |
dc.contributor.author | Faria, Orlando | por |
dc.contributor.author | Armada, Manuel José da Rocha | por |
dc.date.accessioned | 2017-03-15T15:06:41Z | - |
dc.date.issued | 2016 | - |
dc.identifier.issn | 1029-3523 | por |
dc.identifier.uri | https://hdl.handle.net/1822/45029 | - |
dc.description.abstract | We evaluate the impact of the Eurozone sovereign debt crisis on the performance and performance persistence of a survivorship bias-free sample of bond funds from a small market, identified as one of the most affected by this event, during the 2001–2012 period. Besides avoiding data mining, we also introduce a methodological innovation in assessing bond fund performance persistence. Our results show that bond funds underperform significantly both during crisis and non-crisis periods. Besides, we find strong evidence of performance persistence, for both short- and longer-term horizons, during non-crisis periods but not during the debt crisis. In this way, the persistence phenomenon in small markets seems to occur only during non-crisis periods and this is valuable information for bond fund investors to exploit. | por |
dc.description.sponsorship | Compete 2020 | por |
dc.description.sponsorship | Portugal 2020 | por |
dc.description.sponsorship | Feder | por |
dc.description.sponsorship | FCT | por |
dc.language.iso | eng | por |
dc.publisher | Taylor and Francis | por |
dc.rights | restrictedAccess | por |
dc.subject | Bond funds | por |
dc.subject | Fund performance evaluation | por |
dc.subject | Performance persistence | por |
dc.subject | Market crises | por |
dc.title | The impact of the Eurozone sovereign debt crisis on bond fund performance persistence: evidence from a small market | por |
dc.type | article | por |
dc.peerreviewed | yes | por |
dc.relation.publisherversion | http://www.tandfonline.com/doi/full/10.1080/10293523.2016.1195033 | por |
sdum.publicationstatus | info:eu-repo/semantics/publishedVersion | por |
oaire.citationStartPage | S32 | por |
oaire.citationEndPage | S45 | por |
oaire.citationIssue | Sup1 | por |
oaire.citationTitle | Investment Analysts Journal | por |
oaire.citationVolume | 45 | por |
dc.identifier.doi | 10.1080/10293523.2016.1195033 | por |
dc.subject.fos | Ciências Sociais::Economia e Gestão | por |
dc.subject.wos | Social Sciences | por |
sdum.journal | Investment Analysts Journal | por |
Aparece nas coleções: | NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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Leite, Faria, Armada, 2016.pdf Acesso restrito! | 6,79 MB | Adobe PDF | Ver/Abrir |