Hot Hands in Mutual Funds: The Persistence of Performance, 1974-87
收藏NBER1990-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3389
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资源简介：
The net returns of no-load mutual growth funds exhibit a hot-hands phenomenon during 1974-87. When performance is measured by Jensen's alpha, mutual funds that perform well in a one year evaluation period continue to generate superior performance in the following year. Underperformers also display
提供机构：
美国国家经济研究局
创建时间：
1990-06-01
