Zobrazeno 1 - 10
of 55
pro vyhledávání: '"JONATHAN B. BERK"'
Publikováno v:
The Journal of Finance. 77:1219-1258
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9638cd7f4cd704666464dc12bb92aa0f
https://doi.org/10.1111/jofi.13112
https://doi.org/10.1111/jofi.13112
Autor:
Jonathan B. Berk
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8d497667f8a786217efd8200281e14ef
https://doi.org/10.2139/ssrn.4410125
https://doi.org/10.2139/ssrn.4410125
Publikováno v:
The Journal of Portfolio Management. 46:17-31
The authors summarize the recent literature on mutual fund manager skill and performance. They discuss the latest contributions in the field and reinterpret them through the lens of the rational expectations framework (efficient market hypothesis). T
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6fdcbe49bf329cb02bd722112110abcc
https://doi.org/10.3905/jpm.2020.1.143
https://doi.org/10.3905/jpm.2020.1.143
Publikováno v:
SSRN Electronic Journal.
We evaluate the quantitative impact of ESG divestitures. For divestitures to have impact they must change the cost of capital of affected firms. We derive a simple expression for the change in the cost of capital as a function of three inputs: (1) th
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::733ddd3de4905537624e9f64af79c32d
https://doi.org/10.2139/ssrn.3909166
https://doi.org/10.2139/ssrn.3909166
Autor:
Jonathan B. Berk
Publikováno v:
The Journal of Portfolio Management. 44:70-73
In this article, a doctoral student of Professor Stephen Ross discusses the reasons he believes are behind Ross’s success advising doctoral students. Ross emphasized the importance of first understanding the financial markets’ equilibrium and the
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4861e4feb6002527f6ed7956f1e752a8
https://doi.org/10.3905/jpm.2018.44.6.070
https://doi.org/10.3905/jpm.2018.44.6.070
Publikováno v:
Annual Review of Financial Economics. 9:147-167
Historically, the literature on money management has inconsistently applied the rational expectations equilibrium concept. We explain why and summarize developments in the money management literature that do apply this concept correctly. We demonstra
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::071b9e7ceb16b968c9a6de3adf4cc72d
https://doi.org/10.1146/annurev-financial-110716-032454
https://doi.org/10.1146/annurev-financial-110716-032454
Publikováno v:
The Journal of Finance. 72:2467-2504
We establish an important role for the firm by studying capital reallocation decisions of mutual fund firms. The firm's decision to reallocate capital amongst its mutual fund managers adds at least $474,000 a month, which amounts to over 30% of the t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::82fdc335e8f025e9efda40e28877b0ee
https://doi.org/10.1111/jofi.12542
https://doi.org/10.1111/jofi.12542
Publikováno v:
SSRN Electronic Journal.
We model a market for a skill in short supply and high demand, where the presence of charlatans (professionals who sell a service they do not deliver on) is an equilibrium outcome. Under a set of plausible assumptions, reducing the number of charlata
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::1105cfea4591b32b76e1e89d4efb5394
https://doi.org/10.2139/ssrn.3498493
https://doi.org/10.2139/ssrn.3498493
Publikováno v:
Financial Analysts Journal. :1-6
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::3b3fc5912f48f16b18eb3b2b731b2ad2
https://doi.org/10.2469/faj.v72.n6.4
https://doi.org/10.2469/faj.v72.n6.4
Publikováno v:
The Journal of Portfolio Management. 42:131-139
Active fund managers are skilled and, on average, have used their skill to generate about $3.2 million per year. Large cross-sectional differences in skill persist for as long as 10 years. Investors recognize this skill and reward it by investing mor
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::24938410361eb1537a539f7bd96b0f58
https://doi.org/10.3905/jpm.2016.42.2.131
https://doi.org/10.3905/jpm.2016.42.2.131