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Diss. Univ. St. Gallen, 2008.

No description available.

No description available.

No description available.

ABSTRACT Recognising that governance is the key to South Africa's future as a global player in the property market, this study explores the protection of shareholders' interests in listed property funds in South Africa. The views of property managers, asset managers and analysts involved in the listed property sector were obtained through in-depth, semi-structured interviews. The main themes highlighted in the data are transparency and disclosure which are a major factor in corporate governance being successful.

Thesis (Ph. D.)--Ohio State University, 1983. / Includes vita. Includes bibliographical references (leaves 218-223). Available online via OhioLINK's ETD Center

I use a unique dataset of 1,808 mutual fund manager replacements to study the determinants and the subsequent impact of the choice between hiring the successor from within (internal hire) and outside (external hire) the fund family. I find that fund families prefer to replace their top performers with internal hires and bottom performers with external hires. External hires demonstrate superior ability to turn around bottom performing funds, but exhibit inferior ability to maintain the record of top performing funds. I find no cross-sectional difference in post-replacement performance between internal and external successors, indicating fund families, in general, make their replacement decisions optimally. I do, however, find that funds that deviate from the optimal decision have subsequent sub-par performance. Overall, the evidence suggests that portfolio managers play a pivotal role in determining mutual fund performance.

Abstract According to the studies about testing the timing abilities of funds, they used only one kind of index as a benchmark to test the timing abilities of funds, but it¡¦s not fair. Each kind of funds form its owned portfolio based on its unique goals. So if we test the timing abilities of funds by using the same benchmark, we will neglect the difference between different kinds of funds. Therefore, I use three rate of return of indices (index of price of small corporations, index of price of electron industry and Y9999) as benchmarks for three kinds of funds (funds investing in small corporations, funds investing in tech-related industries, funds investing other industries). I find that testing the timing abilities of funds by using suitable index as benchmark for different funds can get more funds with significant timing abilities. Since the funds are managed by professional fund-managers, they must know how to analysis macro-information well known in public and get some helpful information to decide when to invest. In this study, I test the timing abilities of funds under macro-information facts, and find that some macro-information facts will significantly affect the performance of funds and the model will be more significant. The timing ability of each fund is different, and there must be something making it different. According to the past studies, there were several characters of funds significantly affecting the performance of the funds. That means the characters of funds may affect the strategies of investments, so they may also affect the timing abilities of funds. In this study, I find that the scale of fund and the age of the fund can affect the timing ability of a fund significantly.

Thesis (M.S.)--Kutztown University of Pennsylvania, 2003. / Source: Masters Abstracts International, Volume: 45-06, page: 2719. Typescript. Abstract precedes thesis as preliminary leaves iii-iv. Includes bibliographical references (leaves 62-64).