Rethinking Performance Evaluation
收藏NBER2016-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22134
下载链接
链接失效反馈官方服务：
资源简介：
We show that the standard equation-by-equation OLS used in performance evaluation ignores information in the alpha population and leads to severely biased estimates for the alpha population. We propose a new framework that treats fund alphas as random effects. Our framework allows us to make
提供机构：
美国国家经济研究局
创建时间：
2016-04-01
