{"id":"https://openalex.org/W3097277589","doi":"https://doi.org/10.2478/sbe-2020-0030","title":"Selectivity and Market Timing Skills in Emerging Greek Equity Mutual Funds During the Sovereign Debt Crisis","display_name":"Selectivity and Market Timing Skills in Emerging Greek Equity Mutual Funds During the Sovereign Debt Crisis","publication_year":2020,"publication_date":"2020-08-01","ids":{"openalex":"https://openalex.org/W3097277589","doi":"https://doi.org/10.2478/sbe-2020-0030","mag":"3097277589"},"language":"en","primary_location":{"id":"doi:10.2478/sbe-2020-0030","doi":"https://doi.org/10.2478/sbe-2020-0030","is_oa":true,"landing_page_url":"https://doi.org/10.2478/sbe-2020-0030","pdf_url":null,"source":{"id":"https://openalex.org/S2737582874","display_name":"Studies in Business and Economics","issn_l":"1842-4120","issn":["1842-4120","2344-5416"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-c","cwts-core","ddh","doaj","erih-plus","norway-1","poland-20","russia-white-list-3"],"host_organization":"https://openalex.org/P4310314692","host_organization_name":"DeGruyter Open","host_organization_lineage":["https://openalex.org/P4310314692"],"host_organization_lineage_names":["DeGruyter Open"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Studies in Business and Economics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://doi.org/10.2478/sbe-2020-0030","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5074202398","display_name":"Kyriazis A. Nikolaos","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I145722265","display_name":"University of Thessaly","ror":"https://ror.org/04v4g9h31","country_code":"GR","type":"education","lineage":["https://openalex.org/I145722265"]}],"countries":["GR"],"is_corresponding":false,"raw_author_name":"Kyriazis A. Nikolaos","raw_affiliation_strings":["Department of Economics , University of Thessaly , Greece"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics , University of Thessaly , Greece","institution_ids":["https://openalex.org/I145722265"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5076496986","display_name":"Alexandros Koulis","orcid":"https://orcid.org/0000-0002-1576-5845","observed_orcids":["https://orcid.org/0000-0002-1576-5845"]},"institutions":[{"id":"https://openalex.org/I187792471","display_name":"Ionian University","ror":"https://ror.org/01xm4n520","country_code":"GR","type":"education","lineage":["https://openalex.org/I187792471"]}],"countries":["GR"],"is_corresponding":false,"raw_author_name":"Koulis Alexandros","raw_affiliation_strings":["Department of Business Administration , Ionian University , Greece"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Business Administration , Ionian University , Greece","institution_ids":["https://openalex.org/I187792471"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5016811306","display_name":"Stephanos T. Papadamou","orcid":"https://orcid.org/0000-0002-7700-1912","observed_orcids":["https://orcid.org/0000-0002-7700-1912"]},"institutions":[{"id":"https://openalex.org/I145722265","display_name":"University of Thessaly","ror":"https://ror.org/04v4g9h31","country_code":"GR","type":"education","lineage":["https://openalex.org/I145722265"]}],"countries":["GR"],"is_corresponding":false,"raw_author_name":"Papadamou Stephanos","raw_affiliation_strings":["Department of Economics , University of Thessaly , Greece"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics , University of Thessaly , Greece","institution_ids":["https://openalex.org/I145722265"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5028078248","display_name":"Christina C. Beneki","orcid":"https://orcid.org/0000-0003-4987-7201","observed_orcids":["https://orcid.org/0000-0003-4987-7201"]},"institutions":[{"id":"https://openalex.org/I187792471","display_name":"Ionian University","ror":"https://ror.org/01xm4n520","country_code":"GR","type":"education","lineage":["https://openalex.org/I187792471"]}],"countries":["GR"],"is_corresponding":false,"raw_author_name":"Beneki Christina","raw_affiliation_strings":["Department of Business Administration , Ionian University , Greece"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Business Administration , Ionian University , Greece","institution_ids":["https://openalex.org/I187792471"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.9548,"has_fulltext":false,"cited_by_count":6,"citation_normalized_percentile":{"value":0.7740164,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":87,"max":95},"biblio":{"volume":"15","issue":"2","first_page":"133","last_page":"150"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9990000128746033,"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":0.9990000128746033,"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":0.00019999999494757503,"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/T10019","display_name":"Corporate Finance and Governance","score":9.999999747378752e-05,"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/equity-funds","display_name":"equity funds","score":0.7870000004768372},{"id":"https://openalex.org/keywords/sovereign-debt-crisis","display_name":"sovereign debt crisis","score":0.9700000286102295},{"id":"https://openalex.org/keywords/market-timing-skill","display_name":"market timing skill","score":0.984000027179718},{"id":"https://openalex.org/keywords/fund-performance","display_name":"fund performance","score":0.5070000290870667},{"id":"https://openalex.org/keywords/capital-asset-pricing-model","display_name":"capital asset pricing model","score":0.6259999871253967},{"id":"https://openalex.org/keywords/beta-coefficient","display_name":"beta coefficient","score":0.5429999828338623},{"id":"https://openalex.org/keywords/efficient-market-hypothesis","display_name":"efficient market hypothesis","score":0.6330000162124634},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.5199999809265137}],"concepts":[{"id":"https://openalex.org/C181236170","wikidata":"https://www.wikidata.org/wiki/Q848354","display_name":"Capital asset pricing model","level":2,"score":0.5560219883918762},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5154820084571838},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.5005195140838623},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4377845525741577},{"id":"https://openalex.org/C2776050585","wikidata":"https://www.wikidata.org/wiki/Q7439360","display_name":"Scrutiny","level":2,"score":0.43023058772087097},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.4109157919883728},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3889058530330658},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3802037239074707},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3254045844078064},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.12467852234840393},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.2478/sbe-2020-0030","doi":"https://doi.org/10.2478/sbe-2020-0030","is_oa":true,"landing_page_url":"https://doi.org/10.2478/sbe-2020-0030","pdf_url":null,"source":{"id":"https://openalex.org/S2737582874","display_name":"Studies in Business and Economics","issn_l":"1842-4120","issn":["1842-4120","2344-5416"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-c","cwts-core","ddh","doaj","erih-plus","norway-1","poland-20","russia-white-list-3"],"host_organization":"https://openalex.org/P4310314692","host_organization_name":"DeGruyter Open","host_organization_lineage":["https://openalex.org/P4310314692"],"host_organization_lineage_names":["DeGruyter Open"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Studies in Business and Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:blg:journl:v:15:y:2020:i:2:p:133-150","doi":null,"is_oa":false,"landing_page_url":"http://eccsf.ulbsibiu.ro/RePEc/blg/journl/15210kyriazis.pdf","pdf_url":"http://eccsf.ulbsibiu.ro/RePEc/blg/journl/15210kyriazis.pdf","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:doaj.org/article:16a416c383764356a90bc0379190c96e","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/16a416c383764356a90bc0379190c96e","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Studies in Business and Economics, Vol 15, Iss 2, Pp 133-150 (2020)","raw_type":"article"},{"id":"pmh:oai:ir.lib.uth.gr:11615/77200","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/11615/77200","pdf_url":null,"source":{"id":"https://openalex.org/S4306400243","display_name":"University of Thessaly Institutional Repository (University of Thessaly)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I145722265","host_organization_name":"University of Thessaly","host_organization_lineage":["https://openalex.org/I145722265"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Studies in Business and Economics","raw_type":"journalArticle"}],"best_oa_location":{"id":"doi:10.2478/sbe-2020-0030","doi":"https://doi.org/10.2478/sbe-2020-0030","is_oa":true,"landing_page_url":"https://doi.org/10.2478/sbe-2020-0030","pdf_url":null,"source":{"id":"https://openalex.org/S2737582874","display_name":"Studies in Business and Economics","issn_l":"1842-4120","issn":["1842-4120","2344-5416"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-c","cwts-core","ddh","doaj","erih-plus","norway-1","poland-20","russia-white-list-3"],"host_organization":"https://openalex.org/P4310314692","host_organization_name":"DeGruyter Open","host_organization_lineage":["https://openalex.org/P4310314692"],"host_organization_lineage_names":["DeGruyter Open"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Studies in Business and Economics","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":42,"referenced_works":["https://openalex.org/W1555570415","https://openalex.org/W1926279865","https://openalex.org/W1971432209","https://openalex.org/W1975024281","https://openalex.org/W1985477394","https://openalex.org/W1999996900","https://openalex.org/W2000063810","https://openalex.org/W2011619605","https://openalex.org/W2013400112","https://openalex.org/W2016116986","https://openalex.org/W2027752836","https://openalex.org/W2029022577","https://openalex.org/W2029056003","https://openalex.org/W2078809235","https://openalex.org/W2083148578","https://openalex.org/W2083765206","https://openalex.org/W2108587633","https://openalex.org/W2131773668","https://openalex.org/W2136120210","https://openalex.org/W2138749267","https://openalex.org/W2151353604","https://openalex.org/W2169786125","https://openalex.org/W2335119250","https://openalex.org/W2508742758","https://openalex.org/W2592020521","https://openalex.org/W2614689898","https://openalex.org/W2625481987","https://openalex.org/W2756680406","https://openalex.org/W2903080209","https://openalex.org/W2920412724","https://openalex.org/W2930901575","https://openalex.org/W3121140277","https://openalex.org/W3121282282","https://openalex.org/W3122192211","https://openalex.org/W3122708143","https://openalex.org/W3122935760","https://openalex.org/W3124541082","https://openalex.org/W3124577958","https://openalex.org/W3124865888","https://openalex.org/W4239488419","https://openalex.org/W4243840727","https://openalex.org/W4256425349"],"related_works":["https://openalex.org/W2182929922","https://openalex.org/W2914581177","https://openalex.org/W2613390986","https://openalex.org/W2623174651","https://openalex.org/W2176706974","https://openalex.org/W3122569859","https://openalex.org/W2099962834","https://openalex.org/W1605236160","https://openalex.org/W7218258573","https://openalex.org/W149299231"],"abstract_inverted_index":{"Abstract":[0],"This":[1,41],"paper":[2],"evaluates":[3],"the":[4,15,23,29,50,55,77,84,87,91,98,109,125],"performance":[5],"of":[6,35,67,79,86,93,100],"seventeen":[7],"Greek":[8,110],"equity":[9],"mutual":[10],"funds":[11,37,82],"before":[12],"and":[13,31,53,72,90],"after":[14,83],"sovereign":[16],"debt":[17,88],"crisis.":[18],"By":[19],"being":[20],"based":[21],"on":[22],"Capital":[24],"Asset":[25],"Pricing":[26],"Model":[27],"(CAPM),":[28],"selectivity":[30,71],"market":[32,73,112],"timing":[33,74],"skills":[34,75],"these":[36,80],"are":[38],"under":[39],"scrutiny.":[40],"takes":[42],"place":[43],"by":[44,95],"assigning":[45],"a":[46,60],"linear":[47],"form":[48],"to":[49,120],"Beta":[51],"coefficient":[52],"transforming":[54],"traditional":[56],"CAPM":[57],"equation":[58],"into":[59],"second":[61],"order":[62],"polynomial.":[63],"Results":[64],"provide":[65],"evidence":[66],"an":[68],"improvement":[69],"in":[70,108,118],"for":[76,104],"majority":[78],"emerging":[81],"outburst":[85],"crisis":[89],"adoption":[92],"measures":[94],"Troika.":[96],"Thereby,":[97],"potential":[99],"excess":[101],"profit-making":[102],"possibilities":[103],"capable":[105],"fund":[106,111],"managers":[107],"is":[113],"enhanced":[114],"during":[115],"non-conventional":[116],"periods":[117],"comparison":[119],"normal":[121],"times,":[122],"even":[123],"though":[124],"Efficient":[126],"Markets":[127],"Hypothesis":[128],"(EMH)":[129],"still":[130],"holds.":[131]},"counts_by_year":[{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2020-11-09T00:00:00"}