In search for managerial skills beyond common performance measures

Fan, Chen; Qian, Meifen; Sun, Ping‐Wen; Bin, Yu

doi:10.1016/j.jbankfin.2015.12.008

Cited by 11 publications

(3 citation statements)

References 43 publications

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“…Risk-taking funds more readily reduced their positions in sanctioned countries when new anti-dumping measures were imposed. Aggressive funds need skilled managers and are more sensitive to market developments (Chen et al, 2018).…”

Section: ) Institutional Qualitymentioning

confidence: 99%

Anti‐dumping Policies and International Portfolio Allocation: The View from the Global Funds

Ding

Ying

2023

China and World Economy

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Anti-dumping policies, as one of the most important nontariff measures to protect a country's economic interests, can have an impact not only on a country's trade and social welfare, but also on capital fl ows. Anti-dumping measures can result in increased trade costs and alterations to exchange rate risk. This study investigates the impact of anti-dumping sanctions on the international portfolio allocations of global funds. Antidumping policies can decrease the proportion of a fund's investment portfolio allocated to recently-sanctioned countries. Closer trade ties between the sanctioned country and the country where a fund is domiciled exacerbate the divestiture, but stronger foreign direct investment links weaken the negative association. Some country and fund heterogeneities are also discussed. We fi nd that more developed countries are less aff ected by the impact of anti-dumping measures on equity fund allocations; liberalization of the economy and stable government could also mitigate the negative impact of anti-dumping sanctions.High-risk funds, such as growth funds or funds that invest in leveraged buyouts, showed the greatest response to changes in anti-dumping regulations.

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Section: ) Institutional Qualitymentioning

confidence: 99%

Anti‐dumping Policies and International Portfolio Allocation: The View from the Global Funds

Ding

Ying

2023

China and World Economy

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“…Extending this framework, Ankrim and Hensel ( 1994 ) incorporated currency management effects, introducing terms for currency forward premiums and surprise effects. These decomposition models remain relevant, as exemplified in Chen F. et al ( 2018 ) examination of managerial skills.…”

Section: Portfolio Evaluation: Measurement Attribution and Appraisal ...mentioning

confidence: 99%

Enhancing portfolio management using artificial intelligence: literature review

Sutiene,

Schwendner,

Sipos

et al. 2024

Front. Artif. Intell.

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Building an investment portfolio is a problem that numerous researchers have addressed for many years. The key goal has always been to balance risk and reward by optimally allocating assets such as stocks, bonds, and cash. In general, the portfolio management process is based on three steps: planning, execution, and feedback, each of which has its objectives and methods to be employed. Starting from Markowitz's mean-variance portfolio theory, different frameworks have been widely accepted, which considerably renewed how asset allocation is being solved. Recent advances in artificial intelligence provide methodological and technological capabilities to solve highly complex problems, and investment portfolio is no exception. For this reason, the paper reviews the current state-of-the-art approaches by answering the core question of how artificial intelligence is transforming portfolio management steps. Moreover, as the use of artificial intelligence in finance is challenged by transparency, fairness and explainability requirements, the case study of post-hoc explanations for asset allocation is demonstrated. Finally, we discuss recent regulatory developments in the European investment business and highlight specific aspects of this business where explainable artificial intelligence could advance transparency of the investment process.

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“…These types of decomposition models are still being used, e.g. in the recent paper by Chen et al (2018) where managerial skills are studied.…”

Section: Introductionmentioning

confidence: 99%