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Leadership Lecture Series: Bob Moore
MIS Alumni Speak to BSAD 144 Class
"Vermont Business Center" and "Vermont Family Business Initiative" Spring 2005 Event Schedule
Dr. McIntosh Publication in Medical Care Research and Review
Professor Carolyn Bonifield Hosts Andrea Learned
Dr. Wilson To Have Article Published
Viets Russia
Annie Viets Hosts Guest Speaker Janet Steff Keeler
10/12/04 Vanden Bergh Article
Dr. Sinkula has Manuscript Accepted for Publication
Dr. Sinkula Publication in The Journal of the Academy of Marketing Science
10/12/04 SAC Volleyball
Professor Noordewier Has Article Published
Professor David Jones Presented Paper to NATO
Barbara McIntosh Appointed to Serve on NCOA's Leadership Council
Professor McIntosh is Interviewed by Northeast Public Radio
Professor Richard Jesse Presents Paper in Shanghai
A Baldrige Examiner and a Rising Star Among Us
Can Management Persuade Auditors?
CFO.com Interviews Rick Vanden Bergh Regarding Corporate Political Donations
Consumers in Virtual Worlds
Does It Pay to Be Green?
Dr. Bonifield Has Manuscript Accepted in Marketing Letters
Dr. Chiang Publishes Article in Corporate Finance Review
Dr. Chiang Publishes Article in The Journal of Investing
Dr. Chris Hodgdon receives Outstanding International Accounting Dissertation Award
Dr. David Jones Elected Chair of Board of Directors for New Sudan Education Initiative
Dr. DeWitt Gives Presentation to the Rotary Club
Dr. DeWitt Published in Strategic Management Journal
Dr. Hodgdon Publishes Article in Journal of International Accounting, Auditing and Taxation
Dr. Jones Conducts Workshop for Vermont Businesses for Social Responsibility
Dr. Jones Presents Papers at the International Association of Conflict Management
Dr. McIntosh Honored at 2007 International Awards in Nursing Excellence
Dr. McIntosh on Panel on Aging Labor Force and Older Workers Issues
Dr. Novak Gets Transportation Research Grant
Dr. Novak Has Paper Accepted for Decision Support Systems
Dr. Novak Manuscript Accepted for Journal of Transport Geography
Dr. Sinkula Has Article Accepted by Journal of Small Business Management
Dr. Sinkula has Manuscript Accepted for Publication in The Journal of Product and Innovation Management
Dr. Tomas Has Article Accepted in Review of Futures Markets
Dr. Tomas Named Associate Editor for the Journal of Economics and Business
Dr. Vanden Bergh Has Forthcoming Publication in Academy of Management Journal
Dr. Vanden Bergh Publishes Article in Best paper Proceedings Academy of Management
Dr. Vanden Bergh Publishes Article in Business and Politics
Dr. Zhang Interviewed Regarding Research on Declining Sales of U.S. Automakers
Employees Perceptions Target their Behaviors
Hoffman Innovation Lecture Series Lecture -- Gary Green
Making Internships Satisfying Experiences
Managers Can Promote Cooperative Work Behavior
No Abnormal Returns in Real Estate Mutual Funds
Savvy Political Strategies
Studying Business Ethics and Employee-Organization Fit
The Vermont Business Center Leadership Lecture Series presents
Vermont Business Center Quarterly Newsletter
Vermont Family Business Initiative Featured in Strictly Business Article
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No Abnormal Returns in Real Estate Mutual Funds
2/25/08
Kevin C. H. Chiang
, associate professor of business administration, co-authored an article with Kirill Kozhevnikov, Ming-Long Lee and Craig Wisen that was published in the spring, 2008 issue of Real Estate Economics.
The article is titled "Further Evidence on the Performance of Funds of Funds: The Case of Real Estate Mutual Funds." The study examines funds of funds that are created when investment companies invest in other investment companies. Although the additional layer of fees incurred by funds of funds has a negative effect on returns, there is empirical evidence that real estate funds of funds gtenerate superior performance net of fees and risk adjustments. The evidence is inconsistent with a growing consensus that most actively managed mutual funds do not, on average, generate excess returns after adjusting for fees and risk. This study explains this apparent contradiction and finds that most real estate funds of funds do not outperform their benchmarks under alternative risk adjustment specifications.