Impact of Fund Managers Changes on Polish Equity Funds Performance

• Autorzy: Roman Asyngier , Tomasz Miziołek
• Języki publikacji: EN

Abstrakty

EN

Purpose - the aim of the article was an analysis of the returns of universal Polish equity investment funds before and after the change of portfolio managers. The article deals with the following research problem: how the replacement of investment fund managers impacts the results of Polish equity funds. Methodology - the research methodology which used the indexes of relative strength allows determining the abnormal returns of funds in relation to the WIG Index before and after the change of managers. Findings - the analyses showed negative abnormal returns before changing managers and ambiguous tendencies after the change of managers. Originality - this kind of study has not been conducted for the Polish capital market so far.(original abstract)

Słowa kluczowe

EN

Investment funds; Portfolio management; Rate of return; Financial performance; Manager

PL

Fundusze inwestycyjne; Zarządzanie portfolio; Stopa zwrotu; Wynik finansowy; Menedżer

• Czasopismo: Folia Oeconomica Stetinensia
• Rocznik: 2017
• Numer: vol. 17, iss. 1
• Strony: 97--108

Twórcy

autor

Roman Asyngier

• Maria Curie-Skłodowska University in Lublin

autor

Tomasz Miziołek

• University of Lodz

Bibliografia

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Identyfikatory

DOI

10.1515/foli-2017-0008