lewellen 中文意思是什麼
lewellen
解釋
盧埃林-
In this paper, we measure the performance of chinese equity funds, using treynor - mazuy model, henriksson - merton model and chang - lewellen model which are based on capm and fama - french three factors model respectively in measuring the manager ' s market timing ability and security selection ability. the empirical evidence indicates that the managers do n ' t exhibit superior market timing ability but exhibit certain security selection ability
本文主要從中國市場的實際出發，對國內外的證券基金業績評價體系進行全面的理論研究，著重對證券基金業績的分解研究進行了探討，並運用分別基於capm和fama ? french三因素模型的treynor ? mazuy模型、 henriksson ? merton模型和chang ? lewellen模型等基金經理擇時能力和擇股能力評價模型對我國的證券基金業績進行全面的實證分析。
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