Chulalongkorn University Theses and Dissertations (Chula ETD)
Other Title (Parallel Title in Other Language of ETD)
การกระจายตัวของผลตอบแทนของหุ้นและผลการดำเนินงานของกองทุนตราสารทุนในประเทศไทย
Year (A.D.)
2021
Document Type
Independent Study
First Advisor
Tanawit Sae-Sue
Faculty/College
Faculty of Commerce and Accountancy (คณะพาณิชยศาสตร์และการบัญชี)
Department (if any)
Department of Banking and Finance (ภาควิชาการธนาคารและการเงิน)
Degree Name
Master of Science
Degree Level
Master's Degree
Degree Discipline
Finance
DOI
10.58837/CHULA.IS.2021.99
Abstract
We examine the relation between cross-sectional return dispersion and actively domestic open-ended fund performance in Thailand, with the rationale mechanism that in the time of high return dispersion, where provide the opportunity for the fund managers to generate the positive value of abnormal return. Consist to the finding in US data that the period of the highest return dispersion the most activeness fund significant outperform the least activeness fund. Thai data provided the added value that active fund with the moderate to high activeness earn positive abnormal return in the period of the highest return dispersion. we also find the meaningful interpretation that the clearly pattern of result in the relation occur only in the non-simultaneous analysis.
Creative Commons License
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Recommended Citation
Sae-eng, Pavit, "Stock return dispersion and performance of domestic equity funds in Thailand" (2021). Chulalongkorn University Theses and Dissertations (Chula ETD). 7715.
https://digital.car.chula.ac.th/chulaetd/7715