This paper examines the risk structure of bank holding companies and the effect of mutual
fund activities on bank risk and profitability over the period 1987–1994. Findings from …

We examine the performance of real estate mutual funds during January 1991–December
1997. As a group, the sampled funds outperformed the Wilshire Real Estate Securities Index …

This paper compares an international two-index model to an International Arbitrage Pricing
Theory (IAPT) two-factor model to evaluate the performance of 37 US-based international …

This paper examines global diversification benefits provided by developed property markets
over 1992–2007. We employ a cointegration methodology, invariant to pair-wise …

We examined changes in performance, risk, and investment style for mutual funds that
changed managers during the 1983–91 period. Results show that funds experiencing a …

This paper investigates interrelationships between international bond and international stock
markets over the period November 1988 through December 1993. The analysis employs …

Institutional plan sponsors routinely employ multiple equity managers, each representing a
distinct equity style. The benefits of style diversification, however, depend on an accurate …

This paper evaluates the performance of US based international bond mutual funds over
the November 1988–March 1994 period. The funds are evaluated against single- and multi-…

This paper evaluates the performance of 114 international equity managers over the January
1988–December 1997 period. Performance tests are conducted using Sharpe (1966) and …

This paper investigates the effects of a Federal Reserve Board ruling in 1987 that expanded
the securities underwriting ability for Citicorp, JP Morgan, and Bankers Trust. Results …