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estimation theorymonte carlo simulationstructured covariancesource volumebayes statistikbayesian inferencefamilial inferenceprobit modelmodel structuredcovariance similaritysimilarity effectseffects sourcevolume calculationschoice probabilities

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Years of publications: 1993 - 2023

14 records from EconBiz based on author Name

1. Investment objectives and factors that influence the disappearance of Spanish mutual funds

abstract

This paper analyses which variables influence the disappearance of mutual funds in the Spanish market and whether these variables vary depending on the investment objectives. The following variables are tested: age, size, investment flows, return, volatility, Sharpe ratio, Morningstar rating, and fund family. The Kaplan-Meier estimator and an extension of the Cox model, the Andersen-Gill model are used and the results indicate that the impact of some variables on survival capacity is different depending on the fund's investment objectives. The originality of this article is twofold. The analysis of disappearance takes the investment objectives of the mutual funds into account and a new variable, the Morningstar rating, is introduced. Moreover, no previous study examines survival capacity in the Spanish market according to different investment objectives. In Spain, mutual funds are highly concentrated because most of them are in the hands of a small number of banks who also control the country's largest fund families. This characteristic not only makes the Spanish market an interesting one for analysis, but it also means that the results of this paper are significant for mutual fund investors.

Barberà Mariné, M. Glòria; Fabregat-Aibar, Laura; Terceño, Antonio;
2020
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
Citations: 1 (based on OpenCitations)

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14 records from EconBiz based on author Name

1. Investment objectives and factors that influence the disappearance of Spanish mutual funds

2. One step away from 2030 : an assessment of the progress of Sustainable Development Goals (SDGs) in the European Union

3. Análisis de los coeficientes beta : evidencia en el mercado de activos chileno

4. Analysis of the survival capacity of mutual funds : a systematic review of the literature

5. Finding business failure reasons through a fuzzy model of diagnosis

6. Special issue: developments in technology management using fuzzy set techniques

7. The weight of organizational factors on heuristics

8. Advantages of using self-organizing maps to analyse student evaluations of teaching

9. Analysis of the survival capacity of mutual funds: a systematic review of the literature

10. Term structure of interest rates analysis in the Spanish market

Steven N. MacEachern

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