{"id":"https://openalex.org/W1983117353","doi":"https://doi.org/10.1108/03074350810838190","title":"Risk\u2010adjusted performance of international mutual funds","display_name":"Risk\u2010adjusted performance of international mutual funds","publication_year":2007,"publication_date":"2007-12-01","ids":{"openalex":"https://openalex.org/W1983117353","doi":"https://doi.org/10.1108/03074350810838190","mag":"1983117353"},"language":"en","primary_location":{"id":"doi:10.1108/03074350810838190","doi":"https://doi.org/10.1108/03074350810838190","is_oa":false,"landing_page_url":"https://doi.org/10.1108/03074350810838190","pdf_url":null,"source":{"id":"https://openalex.org/S184351885","display_name":"Managerial Finance","issn_l":"0307-4358","issn":["0307-4358","1758-7743"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Managerial Finance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5086069415","display_name":"Onur Arugaslan","orcid":"https://orcid.org/0000-0001-9508-0741","observed_orcids":["https://orcid.org/0000-0001-9508-0741"]},"institutions":[{"id":"https://openalex.org/I141649380","display_name":"Western Michigan University","ror":"https://ror.org/04j198w64","country_code":"US","type":"education","lineage":["https://openalex.org/I141649380"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Onur Arugaslan","raw_affiliation_strings":["Haworth College of Business, Western Michigan University, Kalamazoo, Michigan, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Haworth College of Business, Western Michigan University, Kalamazoo, Michigan, USA","institution_ids":["https://openalex.org/I141649380"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5007268998","display_name":"Ed Edwards","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I141649380","display_name":"Western Michigan University","ror":"https://ror.org/04j198w64","country_code":"US","type":"education","lineage":["https://openalex.org/I141649380"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Ed Edwards","raw_affiliation_strings":["Haworth College of Business, Western Michigan University, Kalamazoo, Michigan, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Haworth College of Business, Western Michigan University, Kalamazoo, Michigan, USA","institution_ids":["https://openalex.org/I141649380"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5067711845","display_name":"Ajay Samant","orcid":"https://orcid.org/0000-0002-0287-150X","observed_orcids":["https://orcid.org/0000-0002-0287-150X"]},"institutions":[{"id":"https://openalex.org/I141649380","display_name":"Western Michigan University","ror":"https://ror.org/04j198w64","country_code":"US","type":"education","lineage":["https://openalex.org/I141649380"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Ajay Samant","raw_affiliation_strings":["Haworth College of Business, Western Michigan University, Kalamazoo, Michigan, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Haworth College of Business, Western Michigan University, Kalamazoo, Michigan, USA","institution_ids":["https://openalex.org/I141649380"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I141649380"],"apc_list":null,"apc_paid":null,"fwci":1.0827,"has_fulltext":false,"cited_by_count":35,"citation_normalized_percentile":{"value":0.8538105,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":"34","issue":"1","first_page":"5","last_page":"22"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9945999979972839,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9945999979972839,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0015999999595806003,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.0008999999845400453,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/risk-adjusted-performance","display_name":"risk-adjusted performance","score":0.9340000152587891},{"id":"https://openalex.org/keywords/international-equity-funds","display_name":"international equity funds","score":0.9039999842643738},{"id":"https://openalex.org/keywords/mutual-fund-performance","display_name":"mutual fund performance","score":0.7300000190734863},{"id":"https://openalex.org/keywords/sharpe-ratio","display_name":"Sharpe ratio","score":0.8859999775886536},{"id":"https://openalex.org/keywords/portfolio-theory","display_name":"portfolio theory","score":0.753000020980835},{"id":"https://openalex.org/keywords/fund-risk","display_name":"fund risk","score":0.625},{"id":"https://openalex.org/keywords/investor-decision-making","display_name":"investor decision-making","score":0.6579999923706055}],"concepts":[{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.6276073455810547},{"id":"https://openalex.org/C9725762","wikidata":"https://www.wikidata.org/wiki/Q1072885","display_name":"Modern portfolio theory","level":3,"score":0.6059133410453796},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.5298298001289368},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5139963030815125},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4629567265510559},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4474506378173828},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.391907662153244},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.388440877199173},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.3630490303039551},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.11226680874824524},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1108/03074350810838190","doi":"https://doi.org/10.1108/03074350810838190","is_oa":false,"landing_page_url":"https://doi.org/10.1108/03074350810838190","pdf_url":null,"source":{"id":"https://openalex.org/S184351885","display_name":"Managerial Finance","issn_l":"0307-4358","issn":["0307-4358","1758-7743"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Managerial Finance","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eme:mf0000:03074350810838190","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/03074350810838190.html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:eme:mfipps:v:34:y:2007:i:1:p:5-22","doi":null,"is_oa":false,"landing_page_url":"http://www.emeraldinsight.com/10.1108/03074350810838190?utm_campaign=RePEc&WT.mc_id=RePEc","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:eme:mfipps:v:34:y:2008:i:1:p:5-22","doi":null,"is_oa":false,"landing_page_url":"http://www.emeraldinsight.com/10.1108/03074350810838190?utm_campaign=RePEc&amp;WT.mc_id=RePEc","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"article"},{"id":"pmh:oai:RePEc:eme:mfppss:v:34:y:2008:i:1:p:5-22","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/03074350810838190/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":18,"referenced_works":["https://openalex.org/W121233403","https://openalex.org/W149661105","https://openalex.org/W1997688522","https://openalex.org/W2010714258","https://openalex.org/W2016116986","https://openalex.org/W2046991345","https://openalex.org/W2058168537","https://openalex.org/W2062631526","https://openalex.org/W2081979521","https://openalex.org/W2092164622","https://openalex.org/W2136120210","https://openalex.org/W2137356674","https://openalex.org/W2169645335","https://openalex.org/W3122187992","https://openalex.org/W3124647486","https://openalex.org/W4241584625","https://openalex.org/W4243840727","https://openalex.org/W6606039382"],"related_works":["https://openalex.org/W2086537666","https://openalex.org/W2018776999","https://openalex.org/W1937976420","https://openalex.org/W2294131449","https://openalex.org/W2626771366","https://openalex.org/W1969780876","https://openalex.org/W1566977649","https://openalex.org/W121233403","https://openalex.org/W2523631480","https://openalex.org/W7028399718"],"abstract_inverted_index":{"Purpose":[0],"-":[1,41,69,129,164,198],"This":[2,42,199],"paper":[3,200],"aims":[4],"to":[5,25,86,134],"evaluate":[6],"the":[7,27,37,45,75,78,89,95,101,136,156,184,189,204,209],"risk-adjusted":[8,55,64],"performance":[9,46,65,157],"of":[10,47,91,138,158,186,203],"US-based":[11,50],"international":[12,51,159,194],"equity":[13,52,160,195],"funds":[14,53,76],"using":[15,54],"objective":[16],"statistical":[17],"measures":[18],"grounded":[19],"in":[20,29,94,152,168,176,188],"modern":[21],"portfolio":[22],"theory,":[23],"and":[24,150],"present":[26],"results":[28,72],"a":[30,61],"manner":[31],"which":[32],"is":[33,122,201],"easily":[34],"understood":[35],"by":[36,179],"average":[38,80,107],"investor.":[39],"Design/methodology/approach":[40],"study":[43,170],"evaluates":[44],"50":[48],"large":[49],"returns":[56,81,109],"during":[57],"1994-2003.":[58],"In":[59],"particular,":[60],"relatively":[62],"new":[63,210],"measure":[66],"(":[67],"Findings":[68],"The":[70,165],"empirical":[71],"show":[73],"that":[74,207],"with":[77],"highest":[79],"may":[82,114,131],"lose":[83],"their":[84,119,125],"attractiveness":[85],"investors":[87,180],"once":[88,118],"degree":[90],"risk":[92,121],"embedded":[93],"fund":[96,142],"has":[97],"been":[98],"factored":[99,123],"into":[100,124],"analysis.":[102],"Conversely,":[103],"some":[104],"funds,":[105],"whose":[106],"(unadjusted)":[108],"do":[110],"not":[111],"stand":[112],"out,":[113],"look":[115],"very":[116],"attractive":[117],"low":[120],"performance.":[126],"Research":[127],"limitations/implications":[128],"It":[130],"be":[132,172],"worthwhile":[133],"examine":[135],"effects":[137],"factors":[139],"such":[140],"as":[141,174],"manager":[143],"compensation,":[144],"service":[145],"fees,":[146],"corporate":[147],"governance":[148],"metrics,":[149],"overweighting":[151],"risky":[153],"countries/regions":[154],"on":[155],"funds.":[161,196],"Practical":[162],"implications":[163],"evidence":[166],"presented":[167],"this":[169],"can":[171],"used":[173],"input":[175],"decision":[177],"making":[178],"who":[181],"are":[182],"exploring":[183],"possibility":[185],"participating":[187],"global":[190],"stock":[191],"market":[192],"via":[193],"Originality/value":[197],"one":[202],"first":[205],"studies":[206],"apply":[208]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2017,"cited_by_count":3},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":7},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":2}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}
