Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
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We develop and implement a framework in which prior views and empirical evidence
about pricing models and managerial skill can be incorporated formally into the invest-
ment decision. Our framework relies on a set of passive indexes or \assets," consisting of
nonbenchmark assets as well as the benchmark assets prescribed by a pricing model. A
common interpretation of alpha, the intercept in a regression of the fund's excess return on
the benchmarks, is that it represents the skill of the fund's manager in selecting mispriced
securities. That interpretation is subject to a number of pitfalls, including a concern that
the benchmarks used to de¯ne alpha might not...
Nội dung trích xuất từ tài liệu:
Canadian Socially Responsible Investment Review 2008
