Efekt „dobrej passy” na rynku funduszy inwestycyjnych

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.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.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.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

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Nazwa:: Patena Wiktor, Żołyniak Katarzyna, Efekt dobrej passy na rynku funduszy inestycyjnych.pdf
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