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Is Ethical Money Sensitive to Past Returns? The Case of Portfolio Constraints and Persistence in Islamic Funds
(Springer Verlag, 2017-06)
In this paper, we analyze the performance persistence and survivorship bias of Islamic funds. The remarkable growth of these types of ethical funds raises the question of how non-financial attributes, including beliefs and ...
Mutual fund performance: banking versus independent managers
(Taylor & Francis, 2011-09-09)
We examine the performance of mutual fund managers for a sample of Spanish mutual funds considering data on active management, loads, size and the number of funds managed per manager. We find evidence of differences in ...
On the determinants of local government debt: Does one size fit all?
(Taylor & Francis, 2016)
This paper analyzes the factors that directly influence levels of debt in Spanish local governments.
Specifically, the main objective is to find out the extent to which indebtedness is originated by
controllable factors ...
Active Management and Mutual Fund Performance
(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, ...
Quality of government and economic growth at the municipal level: Evidence from Spain
(WileyWiley Periodicals, 2021-07-21)
This paper analyzes the relationship between government efficiency—an important dimension of quality of government—and economic growth at the municipal level in 1,820 Spanish municipalities during the period 2008–2015. At ...
Environmental conditions, fund characteristics, and Islamic orientation: An analysis of mutual fund performance for the MENA region
(Elsevier, 2016-12)
Islamic funds are increasingly seen as an alternative to conventional funds, in part due to the growing prominence of Islamic finance. In contrast to most previous literature, this paper focuses on the countries of the ...