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dc.contributor.authorFilip, Dariuszen_US
dc.date.accessioned2011-08-18en_US
dc.date.accessioned2011-08-22T15:27:57Z-
dc.date.available2011-08-22T15:27:57Z-
dc.date.issued2011en_US
dc.identifier.citationContemporary Economics 1897-9254 5 2011 1 18-34en_US
dc.identifier.pidoi:10.5709/ce.1897-9254.2-
dc.identifier.urihttp://hdl.handle.net/10419/48837-
dc.description.abstractThis study examines the phenomenon of performance persistence of equity funds in Hungary in two time perspectives: 1-year and 6-month perspectives. The empirical results confirm the occurrence of performance dependence in consecutive periods. There is also a strong evidence of short-term persistence in the total horizon of the study (from the beginning of 2000 to the end of 2009), and in several sub-periods. The 1-year persistence was also found in the tested sample and, in general, depended on the measure applied. Furthermore, I observed performance reversal, which can be partly explained by trend changes in the financial markets. The persistence of equity funds performance in Hungary is shaped by market factors rather than the diversity of managerial characteristics.en_US
dc.language.isoengen_US
dc.subject.jelG11en_US
dc.subject.jelG23en_US
dc.subject.jelG29en_US
dc.subject.ddc330en_US
dc.subject.keywordperformance persistenceen_US
dc.subject.keywordmutual fundsen_US
dc.subject.keywordtrends on Hungarian financial marketsen_US
dc.titlePerformance persistence of equity funds in Hungaryen_US
dc.typeArticleen_US
dc.identifier.ppn666306958en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Contemporary Economics, Volume 5 -

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