Human Capital efficiency and equity funds’ performance during the COVID-19 pandemic
| Autor: | Nawazish Mirza, Jamila Abaidi, Larisa Yarovaya, Amir Hasnaoui |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
Economics and Econometrics
2019-20 coronavirus outbreak Coping (psychology) Risk-adjusted performance Coronavirus disease 2019 (COVID-19) Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) media_common.quotation_subject Eu countries Human capital Article 0502 economics and business Pandemic 050207 economics Mutual funds media_common Finance 050208 finance business.industry 05 social sciences Equity (finance) COVID-19 Extreme stress Human capital efficiency Psychological resilience business |
| Zdroj: | International Review of Economics & Finance |
| ISSN: | 1059-0560 |
| Popis: | The paper investigates the impact of human capital efficiency (HCE) on equity funds’ performance during three stages of the COVID-19 pandemic. We collected data for 799 open-ended equity funds across five EU countries and ranked them in five categories of HCE and compare their risk-adjusted performance across these categories. The results suggest that during the COVID-19 outbreak, the equity funds that were ranked higher in HCE outperformed their counterparts. We suggest that fund managers should invest in human capital to improve funds’ coping ability and resilience during periods of extreme stress. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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