Efekt „dobrej passy” na rynku funduszy inwestycyjnych

WSB-NLU Repository

Show simple item record

dc.contributor.author Patena, Wiktor
dc.contributor.author Żołyniak, Katarzyna
dc.date.accessioned 2013-07-10T12:08:58Z
dc.date.available 2013-07-10T12:08:58Z
dc.date.issued 2008
dc.identifier.citation The Quarterly "e-Finanse" : finansowy kwartalnik internetowy, 2008, nr 3 pl
dc.identifier.issn 1734-039X
dc.identifier.uri http://hdl.handle.net/11199/333
dc.description Artykuł dostępny również na stronie : http://www.e-finanse.com/artykuly_eng/99.pdf pl
dc.description.abstract In this paper, the hot hand effect is analyzed with respect to mutual fund performance in Poland. We show that investors are not able to generate “extra returns” by taking into account past performance of mutual funds, and the hot hand effect in particular. It is a heuristic that may be popular and useful when it comes to basketball, but risky in use when taking real investment decisions. An interesting result of the paper is the bi-period and multi-period persistence analysis; we find an absence of evidence of the hot hand effect on returns and risk-adjusted returns at three-month intervals. The chi-square and cross product ratio statistics were carried out. The implications of the work affect the mutual fund market and its efficiency.
dc.language.iso pl pl
dc.rights open access
dc.subject fundusze inwestycyjne pl
dc.title Efekt „dobrej passy” na rynku funduszy inwestycyjnych pl
dc.title.alternative The hot hand effect in the mutual funds market in Poland pl
dc.type article pl

Files in this item

This item appears in the following Collection(s)

Show simple item record

Search WSB-NLU Repository

Advanced Search


My Account