Use of funds

The thesis "Mutual fund intentional style drift: presence, motivation and performance impact" uses a methodical stock level analytical framework to uncover the presence of intentional style drift in a market of exclusively in-house fund managers, and investigates the motives and effects of style drift in a fledgling but immature fund market in China.

248p runthenight04 02-02-2023 8 2   Download

This thesis represents the first comprehensive study on the performance (raw and risk-adjusted), performance persistence, and market timing ability of the equity funds in Hong Kong Mandatory Provident Funds (MPF) scheme during the period 2001 – 2004. Regardless of the measure used (Jensen single-index alpha measure, Fama-French three-factor alpha measure, and modified Jensen alpha controlled by changes in exchange rates), US equity funds and Pacific-Basin excluding Japan equity funds, are found to consistently underperform relative to the market.

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Work experience is a key factor in hiring decision of managers. However, empirical evidence that early life experience matters is very limited. This thesis fills in the gap by examining how work experience affects managerial performance and managerial style in mutual funds. Using a sample of Chinese fund managers, we find performances and styles vary across managers of different career backgrounds. Notably, managers of research and especially government backgrounds show higher risk adjusted returns while taking on less systematic risk.

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This thesis provides solid evidence to support the notion that idiosyncratic volatility plays a significant role in Australian equity markets. Therefore, it should not be ignored but instead should be considered when evaluating the performance of Australian stock portfolios and pension funds. It can also be used to predict Australian economic conditions.

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The aim of this research study "Exploring human resource management practices: an empirical study of the performing arts companies in Australia" is to explore HRM practices in the performing arts companies in Australia, using a qualitative research design and two phases of data collection. Firstly, interviews were conducted, with the overall objective to acquire richer data from key stakeholders on the perceived HRM practices in the performing arts sector, and the associated impact of the environment, for example, policy context and funding arrangements.

328p runthenight04 02-02-2023 12 3   Download

A public library is an organization established, supported and funded by the community, either through local, regional or national government or through some other form of community organization. (Public Library Manifesto, 1994)

18p hoangyen999 05-05-2013 68 4   Download

Government information is often not mobile friendly; increasing accessibility (especially of local information) is one way libraries can serve diverse users. Some libraries are providing services of this type in a desktop-oriented way already. This chapter discusses tools that can be used to make such sites more mobile friendly, including ones requiring little funds or technical background. The most obvious way to leverage patrons’ mobile devices is to put content on the Web.

10p heouheocoi1 15-04-2013 87 27   Download

Systems biology has received an ever increasing interest during the last decade. A large amount of third-party funding is spent on this topic, which involves quantitative experimentation integrated with computational modeling. Industrial companies are also starting to use this approach more and more often, especially in pharmaceutical research and biotechnology.

91p cosis54 04-01-2013 47 5   Download

Chapter 3: Financial Audit The department also maintains demand deposit bank accounts, which are held separately from the State Treasury. Capital Assets Capital assets are not capitalized in the governmental funds used to acquire or construct them. Instead, capital acquisition and construction are reflected as expenditures in governmental funds, and the related assets are reported in the statement of net assets. Capital assets are recorded at cost on the date of acquisition, or if donated, at appraised value on the date of donation.

11p meobu4 13-01-2012 89 6   Download

Interest is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets. It is most commonly the price paid for the use of borrowed money or money earned by deposited funds.

9p dauxanhnguyenhuong 28-09-2011 46 3   Download