We consider performance measurement and evaluation for managed funds. Similarities and di¤erences both in econometric practice and in interpretation of outcomes of empirical tests between performance measurement and conventional asset pricing models are analyzed. We also discuss how inference on ‘skill’ is a¤ected when fund managers have market timing information. Performance testing based on p...

introduction: human resources information management as one of the valuable and modern achievement is the biggest challenge that managers are faced with and there is a deep believe on application and practical execution of modern managerial approaches in human resource area such as european foundation for quality management (efqm) model can cause performance improvement and organizational effic...

every country actively and initiatively takes all kinds of policy steps to improve the international competitiveness of its industries and therefore improve national integrated competitiveness for the purpose of gaining economic benefits under the context of economic globalization. therefore, studies of moreover, projects launched by the cluster had to be endorsed by the growers and one criteri...

recently, hardware sensors are widely used in monitoring and measurement of water quality parameters. constraint of the instrument to measure some water quality parameters such as the 5-day biochemical oxygen demand (bod5), which are time consuming, causes efforts are diverted to the use of software sensors for online prediction of bod5. the main goal of this research is developing an appropria...

the aim of this paper is to propose some diagnostic methods in linear ridge measurement error models with stochastic linear restrictions using the corrected likelihood. based on the bias-corrected estimation of model parameters, diagnostic measures are developed to identify outlying and influential observations. in addition, we derive the corrected score test statistic for outliers detection ba...

one of the main functionalities of capital market is to enhance liquidity in the market. mutual funds are modern financial institutions which are designed with the aim of absorbing funds from investors and devote them to buy a variety of securities in order to reduce investment risks, exploit the economies of scale and finally make a reasonable return for investors. regarding effective role of ...

an important problem in performance evaluations of irrigation systems is the difficulty of the determining share of structural and operational elements and determining improvement solutions. in most studies, the combined impact of structural and operational elements on the performance of irrigation systems is assessed. some researchers try to separate the effects of structural and operational e...