Abstract:The further development of performance measures has managed to remedy some of the problems with earlier solutions, but with regard to the measures used most widely today, the issue of performance manipulation still needs to be tackled. This article presents the manipulation-proof performance measure (MPPM) developed by Ingersoll et al. (2007), which addresses this problem in a general sense. The MPPM used by Brown et al. (2010) is also detailed, along with the doubt ratio they developed, which can be used as a… Show more
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