ListarCOFIN_Articles por tema "G20"

Mostrando ítems 1-3 de 3

    • openAccess   Credit Quality and Substitution in SME Finance 

      Norden, Lars; Van Kampen, Stefan; Illueca, Manuel World Scientific Publishing (2021-09-02)
      We investigate whether and how SMEs’ credit quality influences their substitution of bank credit for trade credit. Using data from the five largest European countries, we find that substitution of bank credit for trade ...

    • openAccess   Mutual fund performance and changes in factor exposure 

      Bessler, Wolfgang; Conlon, Thomas; de Mingo-López, Diego Víctor; Matallín Sáez, Juan Carlos Wiley (2022-03-21)
      In this article, we examine whether active mutual funds that markedly change their exposure to systematic risk factors subsequently outperform. We propose a new returns-based approach to assess the degree to which mutual ...

    • closedAccess   Why is timing perverse? 

      Matallín Sáez, Juan Carlos; Moreno, David; Rodríguez, Rosa Taylor & Francis (2015)
      The existence of negative market timing, even for passive portfolios, poses a relevant puzzle when assessing portfolio management. In this paper, we develop a simple theoretical model so as to explain why such perverse ...