Do mutual fund managers earn their fees? New measures for performance appraisal

Galagedera, Don Upatissa Asoka; Fukuyama, Hirofumi; Watson, John; Tan, Eric K. M.

doi:10.1016/j.ejor.2020.04.009

Cited by 17 publications

(6 citation statements)

References 52 publications

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“…(3) When the number of users is 600, the throughput of the assessment management system of this system is 7754 kbps, which shows that the enterprise employee assessment management of this system is better. Literature [5] Literature [6] Literature [7] This…”

Section: Discussionmentioning

confidence: 99%

“…x n exp −j2πfnT c 􏼁. (10) In the above formula, T C is the nonlinear characteristic distribution threshold, f is the sampling frequency of enterprise employee performance test management information, and |X code (f)| is the information weighted feature vector [6]. A multiorder eigenmode function analysis model for enterprise employee performance evaluation is constructed to represent the correlation between performance evaluation factors and the rationality of evaluation indicators [7].…”

Section: Design Of Enterprise Employee Performance Management Softwarementioning

confidence: 99%

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Research on Enterprise Employee Performance Appraisal Management System Based on CS Architecture

Lin

2021

Security and Communication Networks

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Aiming at the problems of poor system throughput and poor performance appraisal indicators in traditional enterprise employee performance appraisal management systems, a corporate employee performance appraisal management system based on the CS architecture was designed. Firstly, the system architecture of performance appraisal system is built, the system logical architecture design is determined, and the functional modules of the appraisal management system are analyzed. Then, the influencing factors of employee performance appraisal management system are analyzed through the evaluation constraint parameters, and the quantitative regression analysis model of enterprise employee performance appraisal management is constructed to realize the design of enterprise employee performance management software. Finally, the evaluation management system database was built to realize the enterprise employee performance evaluation system’s design based on CS architecture. The experimental results show that this system can improve the throughput of the employee performance appraisal management system and the rationality of enterprise employee appraisal standards. It plays an important role in enterprise employee performance appraisal management.

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Section: Discussionmentioning

confidence: 99%

Section: Design Of Enterprise Employee Performance Management Softwarementioning

confidence: 99%

Research on Enterprise Employee Performance Appraisal Management System Based on CS Architecture

Lin

2021

Security and Communication Networks

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“…Karimi et al propose a performance evaluation model based on enhanced additivity ratios to address the problem of inaccurate performance evaluations of knowledge workers, and test the model to find that it outperforms traditional methods for evaluating the performance of knowledge workers, with a significant increase in accuracy over traditional models [9]. The Galagedera team addresses the question of whether mutual funds The results of an empirical analysis of a network data envelopment analysis model of mutual fund management performance, which addresses the question of whether costs and expenses can be effectively managed, show that the performance indicator model proposed in the study can effectively improve the efficiency of payment management and has practical application [10].…”

Section: Review Of the Literaturementioning

confidence: 98%

Text Mining-based Enterprise Financial Performance Evaluation in the Context of Enterprise Digital Transformation

Chang¹,

Xing²

2023

IJACSA

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As enterprises gradually move towards digitalization, it is increasingly difficult to accurately evaluate changes in corporate financial performance. To improve this situation, the study uses a text mining algorithm based on the web crawler principle to extract keywords from corporate annual reports, select representative financial performance indicators through IF-FDP, and construct a corporate financial performance evaluation model using the entropy weighting method. The performance comparison experiments of the text mining algorithm proposed in the study show that the accuracy-recall rate area under the line of the text mining algorithm proposed in the study is 0.83 and the average F-value is 0.34, which are both better than other algorithms. In the empirical analysis of the financial performance evaluation model, it was found that the financial performance evaluation model had the smallest absolute error of 0.3%, which was lower than the other models. The above results indicate that both the text mining algorithm and the performance evaluation model proposed in the study outperform the comparison algorithm and model. Therefore, the performance evaluation model proposed by the study can be used to effectively evaluate the financial performance of enterprises accurately and promote the development of enterprises, which has practical application value.

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“…It is, therefore, necessary to begin with a discussion of modern portfolio theory (hereafter, MPT) (Markowitz, 1952). The debate over the efficient market hypothesis (hereafter, EMT) (Fama, 1972) is then introduced as one of the most widely debated research topics in asset pricing and financial markets (Galagedera, Fukuyama, Watson, & Tan, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

Islamic Fund Managers' Market Timing Abilities and their Impact on Fund Performances

Nabi,

Rehman,

Ali

2023

Pak. J. Humanit. Soc. Sci

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This study examines Shariah-compliant fund's financial performance compared to conventional funds based on managerial timing abilities. Compared with traditional fund managers' timing skills, the study focuses on the most neglected area of Shariah-compliant manager timing abilities, liquidity, and volatility timing abilities. The study uses 69 funds whose significant exposure is the equity between January 2010 and June 2022, consisting of three investment styles: equity, asset allocation, and balanced funds. The study incorporates volatility factors based on Busse (1999) and liquidity factors from Amihud (2002) into the Carhart (1997) four-factor model. The study found that Islamic fund managers have better liquidity and volatility timing skills than conventional fund managers. The results are robust for analyzing individual funds based on different liquidity measures. There is no substantial evidence that Islamic and traditional fund managers can predict market returns.

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Do mutual fund managers earn their fees? New measures for performance appraisal

Cited by 17 publications

References 52 publications

Research on Enterprise Employee Performance Appraisal Management System Based on CS Architecture

Research on Enterprise Employee Performance Appraisal Management System Based on CS Architecture

Text Mining-based Enterprise Financial Performance Evaluation in the Context of Enterprise Digital Transformation

Islamic Fund Managers' Market Timing Abilities and their Impact on Fund Performances

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