Investment and profitability factors in mutual fund performance evaluation: a conditional approach
This paper provides new evidence on the appropriateness of the Fama-French five-factor model to evaluate international equity funds’ performance. After extending this model to a conditional framework by allowing for time-varying risk and performance, the results show that funds underperformed during...
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| Format: | article |
| Language: | eng |
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2019
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| Online Access: | http://hdl.handle.net/11110/1776 |
| Country: | Portugal |
| Oai: | oai:ciencipca.ipca.pt:11110/1776 |