The ex ante efficiency of Australian Stock Market benchmarks
Ante efficiency of Australian benchmark portfolios from 1980-1996 - performance evaluation benchmarks were found to be ex ante inefficient when unrestricted short selling was allowed - when short selling was restricted, ex ante efficiency of benchmarks could not be rejected - mining, resource and pr...
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Published in | Australian journal of management Vol. 25; no. 1; pp. 1 - 15 |
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Main Authors | , |
Format | Journal Article |
Language | English |
Published |
London, England
SAGE Publications
01.06.2000
Sage Publications Ltd |
Subjects | |
Online Access | Get full text |
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Summary: | Ante efficiency of Australian benchmark portfolios from 1980-1996 - performance evaluation benchmarks were found to be ex ante inefficient when unrestricted short selling was allowed - when short selling was restricted, ex ante efficiency of benchmarks could not be rejected - mining, resource and property sectors were not performance-enhancing additions to investment in the industrial sector - implications for performance evaluation of managed investment funds. |
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Bibliography: | AJM.jpg 2008-01-21T19:31:10+11:00 AUSTRALIAN JOURNAL OF MANAGEMENT, Vol. 25, No. 1, June 2000: 1-15 AUSTRALIAN JOURNAL OF MANAGEMENT, Vol. 25, No. 1, June 2000, 1-15 Informit, Melbourne (Vic) |
ISSN: | 0312-8962 1327-2020 |
DOI: | 10.1177/031289620002500103 |