期刊
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
卷 71, 期 -, 页码 584-591出版社
ELSEVIER
DOI: 10.1016/j.iref.2020.09.017
关键词
COVID-19; Mutual funds; Human capital efficiency; Risk-adjusted performance
The study found that during the COVID-19 outbreak, equity funds with higher HCE rankings outperformed their counterparts, suggesting that fund managers should invest in human capital to enhance the funds' ability to cope with extreme stress.
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.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据