The performance control of investment funds has long been a discussed focal point by both academics and practitioners because of the ready availability of fund data and the importance of fund performance in attracting investors. Unfortunately, this area was still an almost blank space in the Chinese investment funds industry at the end of 1990s. Given the increasing interest in investment funds' returns by both individual and institutional investors, it is surprising that so little literature can be found on the rationale behind methods for calculating fund performance. The study of the development of a proper system to control the performance of Chinese investment funds has not even been included on the agenda.This book aims to develop models (propositions) from a managerial perspective to measure, analyze and evaluate, in order to control the performance of Chinese investment funds. Based on the theoretical and empirical findings, models (propositions) are developed to control the investment management process and various performance drivers. The major scientific contribution of this thesis is the development of performance control models that are adjusted to Chinese economic circumstances. The outcome of this research will be beneficial to both Chinese and foreign investors in managing their assets in the Chinese securities markets along with China's accession to the WTO.
|Award date||13 Sep 2002|
|Place of Publication||Enschede|
|Publication status||Published - 13 Sep 2002|