Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 길재욱 | - |
dc.date.accessioned | 2019-05-07T06:29:39Z | - |
dc.date.available | 2019-05-07T06:29:39Z | - |
dc.date.issued | 2017-08 | - |
dc.identifier.citation | ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES, v. 46, No. 4, Page. 535-557 | en_US |
dc.identifier.issn | 2041-9945 | - |
dc.identifier.issn | 2041-6156 | - |
dc.identifier.uri | https://onlinelibrary.wiley.com/doi/full/10.1111/ajfs.12180 | - |
dc.identifier.uri | https://repository.hanyang.ac.kr/handle/20.500.11754/103529 | - |
dc.description.abstract | We evaluate the performance and the performance persistence of actively and passively managed domestic equity funds of Korea's National Pension Service (the NPS) during the period 2002 to 2011. The results show that active funds did not statistically outperform passive funds during the sample period, and the superior performance of some active funds was driven not by skill but by luck. Our results are consistent with those of earlier research on US institutional investment products, and provide empirical support for the NPS's recent shift in investment policy from active management to passive management. | en_US |
dc.description.sponsorship | This work was supported by the National Research Foundation of Korea Grant funded by the Korean Government NRF-2013S1A2A2035472. The authors are grateful for their financial support under the Global Research Network Program. An earlier version of the paper was initiated by Professor Bong-Soo Lee who sadly passed away during the project period. Comments from the referees and the editor are gratefully appreciated. | en_US |
dc.language.iso | en_US | en_US |
dc.publisher | WILEY-BLACKWELL | en_US |
dc.subject | Active management | en_US |
dc.subject | Equity fund | en_US |
dc.subject | Fund performance | en_US |
dc.subject | National Pension Service | en_US |
dc.subject | Passive management | en_US |
dc.title | Performance of active and passive management of Korea's nps funds | en_US |
dc.type | Article | en_US |
dc.relation.no | 4 | - |
dc.relation.volume | 46 | - |
dc.identifier.doi | 10.1111/ajfs.12180 | - |
dc.relation.page | 535-557 | - |
dc.relation.journal | ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES | - |
dc.contributor.googleauthor | Chung, Jay M | - |
dc.contributor.googleauthor | Khil, Jaeuk | - |
dc.contributor.googleauthor | Shin, Jhinyoung | - |
dc.relation.code | 2017015224 | - |
dc.sector.campus | E | - |
dc.sector.daehak | COLLEGE OF BUSINESS AND ECONOMICS[E] | - |
dc.sector.department | DIVISION OF BUSINESS ADMINISTRATION | - |
dc.identifier.pid | jkhil | - |
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