Are the ratings useful tools selecting mutual funds?

This tesis explore three topics that contribute to understanding how ratings can help investors selecting mutual funds. The chapters are independent of each other in terms of theoretical grounding and methodology but complement each other by investigating the three different angles related. In Chapt...

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Autor: Domingues, Renato Heitor Correia
Tipo de recurso: tesis doctoral
Fecha de publicación:2017
País:España
Institución:Universidad de Santiago de Compostela (USC)
Repositorio:Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
Idioma:inglés
OAI Identifier:oai:minerva.usc.gal:10347/16421
Acceso en línea:http://hdl.handle.net/10347/16421
Access Level:acceso abierto
Palabra clave:Materias::Investigación::53 Ciencias económicas::5312 Economía sectorial::531206 Finanzas y seguros
Materias::Investigación::53 Ciencias económicas::5311 Organización y dirección de empresas::531102 Gestión financiera
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spelling Are the ratings useful tools selecting mutual funds?Domingues, Renato Heitor CorreiaMaterias::Investigación::53 Ciencias económicas::5312 Economía sectorial::531206 Finanzas y segurosMaterias::Investigación::53 Ciencias económicas::5311 Organización y dirección de empresas::531102 Gestión financieraThis tesis explore three topics that contribute to understanding how ratings can help investors selecting mutual funds. The chapters are independent of each other in terms of theoretical grounding and methodology but complement each other by investigating the three different angles related. In Chapter 2 is analysed the Morningstar Star Rating can help the predictive power of future performance, in Chapter 3 the Morningstar Analyst Rating and if analyst opinions can help identifying the best mutual funds and in the Chapter 4 if Morningstar Sustainability Scores and ESG ( enviromental, social and governance) scores can evaluate the effect of portfolio management decisions based on sustainable criteria. Our conclusions, support the a strong ability of the predictive power of Star Ratings and a weak predictive power of Analyst Morningstar Ratings. Also, Morningstar Sustainability Score is significant explaining the level of performance for all the metrics analysed.Otero González, LuisDurán Santomil, PabloUniversidade de Santiago de Compostela. Facultade de Ciencias Económicas e EmpresariaisUniversidade de Santiago de Compostela. Departamento de Economía Financeira e Contabilidade20172017-01-0120172017-01-01doctoral thesishttp://purl.org/coar/resource_type/c_db06info:eu-repo/semantics/doctoralThesisapplication/pdfhttp://hdl.handle.net/10347/16421reponame:Minerva. Repositorio Institucional de la Universidad de Santiago de Compostelainstname:Universidad de Santiago de Compostela (USC)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Esta obra atópase baixo unha licenza internacional Creative Commons BY-NC-ND 4.0. Calquera forma de reprodución, distribución, comunicación pública ou transformación desta obra non incluída na licenza Creative Commons BY-NC-ND 4.0 só pode ser realizada coa autorización expresa dos titulares, salvo excepción prevista pola lei. Pode acceder Vde. ao texto completo da licenza nesta ligazón: https://creativecommons.org/licenses/by-nc-nd/4.0/deed.glhttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.glinfo:eu-repo/semantics/openAccessoai:minerva.usc.gal:10347/164212026-06-15T12:47:27Z
dc.title.none.fl_str_mv Are the ratings useful tools selecting mutual funds?
title Are the ratings useful tools selecting mutual funds?
spellingShingle Are the ratings useful tools selecting mutual funds?
Domingues, Renato Heitor Correia
Materias::Investigación::53 Ciencias económicas::5312 Economía sectorial::531206 Finanzas y seguros
Materias::Investigación::53 Ciencias económicas::5311 Organización y dirección de empresas::531102 Gestión financiera
title_short Are the ratings useful tools selecting mutual funds?
title_full Are the ratings useful tools selecting mutual funds?
title_fullStr Are the ratings useful tools selecting mutual funds?
title_full_unstemmed Are the ratings useful tools selecting mutual funds?
title_sort Are the ratings useful tools selecting mutual funds?
dc.creator.none.fl_str_mv Domingues, Renato Heitor Correia
author Domingues, Renato Heitor Correia
author_facet Domingues, Renato Heitor Correia
author_role author
dc.contributor.none.fl_str_mv Otero González, Luis
Durán Santomil, Pablo
Universidade de Santiago de Compostela. Facultade de Ciencias Económicas e Empresariais
Universidade de Santiago de Compostela. Departamento de Economía Financeira e Contabilidade
dc.subject.none.fl_str_mv Materias::Investigación::53 Ciencias económicas::5312 Economía sectorial::531206 Finanzas y seguros
Materias::Investigación::53 Ciencias económicas::5311 Organización y dirección de empresas::531102 Gestión financiera
topic Materias::Investigación::53 Ciencias económicas::5312 Economía sectorial::531206 Finanzas y seguros
Materias::Investigación::53 Ciencias económicas::5311 Organización y dirección de empresas::531102 Gestión financiera
description This tesis explore three topics that contribute to understanding how ratings can help investors selecting mutual funds. The chapters are independent of each other in terms of theoretical grounding and methodology but complement each other by investigating the three different angles related. In Chapter 2 is analysed the Morningstar Star Rating can help the predictive power of future performance, in Chapter 3 the Morningstar Analyst Rating and if analyst opinions can help identifying the best mutual funds and in the Chapter 4 if Morningstar Sustainability Scores and ESG ( enviromental, social and governance) scores can evaluate the effect of portfolio management decisions based on sustainable criteria. Our conclusions, support the a strong ability of the predictive power of Star Ratings and a weak predictive power of Analyst Morningstar Ratings. Also, Morningstar Sustainability Score is significant explaining the level of performance for all the metrics analysed.
publishDate 2017
dc.date.none.fl_str_mv 2017
2017-01-01
2017
2017-01-01
dc.type.none.fl_str_mv doctoral thesis
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dc.type.openaire.fl_str_mv info:eu-repo/semantics/doctoralThesis
format doctoralThesis
dc.identifier.none.fl_str_mv http://hdl.handle.net/10347/16421
url http://hdl.handle.net/10347/16421
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
https://creativecommons.org/licenses/by-nc-nd/4.0/deed.gl
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
https://creativecommons.org/licenses/by-nc-nd/4.0/deed.gl
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
instname:Universidad de Santiago de Compostela (USC)
instname_str Universidad de Santiago de Compostela (USC)
reponame_str Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
collection Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
repository.name.fl_str_mv
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