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- W2382901822 abstract "The traditional methods of funds performance appraisement are limited in a number of ways, while the DEA approach is able to improve the accuracy of performance appraisement in ways of settling the distortion of appraisal results arising from the selection of different market portfolios and the inappropriate rate of risk-free returns. Applying the DEA approach, this paper makes appraisals of 22 close-end investment funds performance between 2000 and 2002 and finds that most of the investment funds are inefficient, and there is no performance persistence, no size-effect, and no great differences among different styles of investment under the environment of present security market." @default.
- W2382901822 created "2016-06-24" @default.
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- W2382901822 date "2004-01-01" @default.
- W2382901822 modified "2023-09-27" @default.
- W2382901822 title "Approaches of appraising investment funds performance and some empirical studies" @default.
- W2382901822 hasPublicationYear "2004" @default.
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