DIFFERENTIAL INFORMATION AND TIMING ABILITY

被引：8

作者：

ELTON, EJ

GRUBER, MJ

机构：

[1] Stern Graduate School of Business Administration, New York University, New York

来源：

JOURNAL OF BANKING & FINANCE | 1991年 / 15卷 / 01期

关键词：

D O I：

10.1016/0378-4266(91)90041-J

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper discusses performance evaluation when the analyst has access to the composition of the portfolio. In the U.S., master trustees and custodians have this information. With this assumption the paper derives techniques for evaluating superior performance. The techniques unlike conventional measures can detect superior performance even when the manager is attempting to market time. © 1991.

引用

页码：117 / 131

页数：15