854 resultados para software performance evaluation


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National Highway Traffic Safety Administration, Washington, D.C.

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Mode of access: Internet.

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"UILU-ENG 78 1702."

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"SW-869"--Cover.

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"February 1993."

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Bibliography: p. 11.

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"Issued October 1981."

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This paper assesses the importance of fund flows in the performance evaluation of Australian international equity funds. Two concepts of fund flows are considered in the context of a conditional asset pricing model. The first measure is net fund flow relative to fund size and the second is net fund flow relative to sector flows. We find that incorporating a fund flow measure relative to the sector flow results in a reduction of measured perverse market timing. The results indicate that, at the individual fund level, cash flows are relevant in assessing management outcomes.