دانلود مقاله ISI انگلیسی شماره 100854
کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
100854 2018 14 صفحه PDF سفارش دهید 8576 کلمه
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Thriving in a disrupted market: a study of Chinese hedge fund performance
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Pacific-Basin Finance Journal, Volume 48, April 2018, Pages 210-223

پیش نمایش مقاله
پیش نمایش مقاله

چکیده انگلیسی

We study a group of newly-emerged hedge funds in China, focusing on their performance and growth under a series of recent regulatory changes. These include the implementation of short sale restrictions and a circuit breaker. We find that the funds in our sample generally outperformed the stock market despite these regulatory disruptions. The best-performing equity-related strategies were long-short and multiple strategies. Our results indicate that the ability to sell short is important for all funds adopting equity-related strategies other than the long strategy. The imposition of short sale restrictions significantly reduced hedge fund performance, and the performance differential between “winner” and “loser” funds converged over time. The evidence suggests that the regulatory changes have greatly affected the hedge fund industry in China.

خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.