Work

On Market Timing and Investment Performance Part I: An Equilibrium Theory of Value for Market Forecasts

Year: 2011

Type: report

Abstract: The evaluation of the performance of investment managers is a much-studied problem in finance. The extensive study of this problem could be justified solely on the basis of the manifest function of these evalua-tions which is to aid in the efficient allocation of investment funds

Source: DSpace@MIT (Massachusetts Institute of Technology)

Author: Robert C. Merton

Language: English

Topic: Financial Markets and Investment Strategies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

Funder: National Science Foundation

OpenAlex ID: W2011619605

Cites: 25

Cited by: 511

Related to: 10