Managerial Finance


Accounting and Finance

Table Of Contents: Volume 32 Issue 4

Fund management, intellectual capital, intangibles and private disclosure

John Holland

This paper aims to explore how fund managers (FMs) deal with major problems of ignorance and uncertainty in stock selection and in asset allocation decisions.

Using analysts’ earnings forecasts for country/industry‐based asset allocation

William Forbes, Carel Huijgen, Auke Plantinga

This paper seeks to investigate the usefulness of analysts’ earnings forecast revisions in the allocation of funds to different industries and countries. In particular, it…

Portfolio optimisation under changing risk via time‐varying beta

Riccardo Bramante, Giampaolo Gabbi

The paper is aimed at modelling time varying betas via a state space representation in order to decompose the marginal contribution to risk of downside and upside…

Optimal asset management for pension funds

Francesco Menoncin, Olivier Scaillet

The purpose of this paper is to study the asset allocation problem for a pension fund which maximizes the expected present value of its wealth augmented by the prospective…

Performance evaluation considering the coskewness

David Moreno, Rosa Rodríguez

The paper aims to examine the performance of Spanish mutual funds between 1999 and 2003.



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  • Professor Don Johnson