• openAccess   Active Management and Mutual Fund Performance 

      Matallín Sáez, Juan Carlos; Soler-Dominguez, Amparo; Tortosa-Ausina, Emili Universidad de Zaragoza. Facultad de Ciencias Económicas (2018)
      This paper analyses the relationship between active management and performance in US equity mutual funds over the period 2001-2011 for both gross and net returns. Active management is measured by time-varying parameters, ...
    • openAccess   Better Performance of Mutual Funds with Lower R2's Does Not Suggest that Active Management Pays 

      Matallín Sáez, Juan Carlos now publishers (2023-08-08)
      We found a negative relation between mutual funds’ past R2 and their abnormal performance, as did Amihud and Goyenko (2013), who proposed measuring active management of mutual funds by 1−R2. The interpretation of this ...
    • openAccess   Cash management and performance of index mutual funds 

      de Mingo-López, Diego Víctor; Matallín Sáez, Juan Carlos; Soler-Dominguez, Amparo Consejo Latinoamericano de Escuela de Administración (2020-10-15)
      Purpose - This study aims to assess the relationship between cash management and fund performance in index fund portfolios. Design/methodology/approach - Using a sample of 104 index mutual funds that track the Standard ...
    • closedAccess   Changes in top management team strategies caused by the external financial environment 

      Ferrero-Ferrero, Idoya; Muñoz-Torres, María Jesus; Fernandez-Izquierdo, Maria Angeles Emerald Group Publishing Limited (2015)
      Purpose – The purpose of this paper is to analyse whether the onset of the financial crisis caused changes in the influence of top management team (TMT) on corporate results. Design/methodology/approach – The sample ...
    • openAccess   Cost and performance of carbon risk in socially responsible mutual funds 

      Matallín Sáez, Juan Carlos; Soler-Dominguez, Amparo AIMS Press (2023)
      Investors and other financial actors are attracted by the role of socially responsible (SR) mutual funds in the transition to a low-carbon economy. In response to the demand for more information, Morningstar reported the ...
    • openAccess   Does active management add value? New evidence from a quantile regression approach 

      Matallín Sáez, Juan Carlos; Soler-Dominguez, Amparo; Tortosa-Ausina, Emili Taylor & Francis (2019-06)
      While it has long been recognised that active management is an important issue in the area of mutual fund performance, little consensus has been reached about the value managers’ abilities can add. This study examines ...
    • openAccess   Effects of Gender and Performance: the Spanish Firms and the Economy for the Common Good 

      Maset-Llaudes, Amparo IBIMA Publishing, LLC. (2021-04-15)
      Firm performance has traditionally been evaluated on the basis of financial results; if a company achieved a profit or managed to increase profit levels, this was believed to indicate that it was doing well. However, it ...
    • openAccess   Ethical strategy focus and mutual fund management: Performance and persistence 

      Matallín Sáez, Juan Carlos; Soler-Dominguez, Amparo; Tortosa-Ausina, Emili; de Mingo-López, Diego Víctor Elsevier (2019-03)
      The aim of this study is to analyze whether managers, practitioners and individual investors could obtain higher risk-adjusted returns by allocating their investments to funds that integrate specific levels of socially ...
    • openAccess   Institutional investment management: An investor's perspective on the relation between turnover and performance 

      de Mingo-López, Diego Víctor; Matallín Sáez, Juan Carlos Taylor & Francis (2018-01)
      The main aim of this study is to analyse the relationship between turnover and performance in institutional investment management. For a sample of US equity mutual funds during the period January 1999–December 2014, we ...
    • closedAccess   Looking for sustainable development: Socially responsible mutual funds and the low‐carbon economy 

      Soler-Dominguez, Amparo; Matallín Sáez, Juan Carlos; de Mingo-López, Diego Víctor; Tortosa-Ausina, Emili John Wiley and Sons (2020)
      Sustainable investment responds to demands for carbon and climate‐neutral societies. To address the urgency around climate change and provide investors with more qualified information, Morningstar has developed the Low ...
    • openAccess   On management risk and price in the mutual fund industry: style and performance distribution analysis 

      Matallín Sáez, Juan Carlos; Soler-Dominguez, Amparo; de Mingo-López, Diego Víctor Palgrave Macmillan (2021-06-01)
      This study shows how investing in mutual funds involves an additional risk, which we call management risk as a consequence of the uncertainty in the results of active management. To address this issue, we analyze a sample ...
    • openAccess   Searching for the optimal territorial structure: the case of Spanish provincial councils 

      Narbón-Perpiñá, Isabel; Balaguer-Coll, Maria Teresa; Prior, Diego; Tortosa-Ausina, Emili Taylor and Francis Group (2019)
      Modern states are organized in multi-level governance structures with economic and political authorities dispersed across them. However, although there is relatively widespread consensus that this form of organization ...
    • openAccess   The investor’s choice between active and index funds 

      de Mingo-López, Diego Víctor; Matallín Sáez, Juan Carlos Universidad Camilo José Cela (2018)
      This study compares the performance of actively-managed mutual funds and index funds. For a large sample of US domestic equity share-class funds, we analyze the relation between portfolio turnover and fund risk-adjusted ...
    • openAccess   The role of passive effects in the relationship between active management and short-term performance: Evidence from mutual fund portfolio holdings 

      Matallín Sáez, Juan Carlos; de Mingo-López, Diego Víctor Elsevier (2024)
      This study proposes a new method to measure active management in a given quarter based on the correlation between fund returns and the returns of a passively-managed synthetic portfolio emulating fund portfolio holdings. ...
    • openAccess   Top executive pay in Spanish banking system 

      Ferrero-Ferrero, Idoya; Fernandez-Izquierdo, Maria Angeles; Muñoz-Torres, María Jesus Cambridge University Press (2014-08)
      This study examines consistency between compensation systems and corporate performance. The main purpose is to analyse how the performance has affected the short-term executive pay in Spanish banking system during the ...