Contents & References of The relationship between the characteristics of managers and the returns of investment funds
List:
Title
Page Title
Chapter One: Plan general. 1
1-1 Statement of the research problem 2
1-2 The importance of the research topic and the motivation for choosing it 3
1-3 Research objectives 4
1-4 Research questions. 4
1-5 research hypotheses. 4
1-6 Research method 5
1-7 Statistical population and its size 5
1-8 Information gathering method 5
1-9 Information analysis method 5
1-10 Variables and keywords 5
Chapter two: theoretical studies. 8
2-1 Introduction. 9
2-2 Definition of investment funds. 11
2-3 History of investment funds. 12
2-4 background of mutual investment funds in Iran. 13
2-4-1- Before the approval of the Securities Market Law. 13
2-4-2 after the approval of the Securities Market Law. 13
2-5 Objectives of investment funds. 14
2-5-1 income. 14
2-5-2 growth. 14
2-5-3 Income and growth. 14
2-6 Laws related to the establishment and supervision of investment funds. 15
2-6-1 Laws of investment funds in Iran. 15
2-6-2 Laws of investment funds in other countries 16
1-6-2-1 Law of investment companies in the United States 16
2-6-2-2 Laws related to temporary capital companies in Malaysia. 17
2-7 types of investment funds based on the specific goals of each fund. 18
2-7-1 Common stock investment funds. 18
2-7-2 Balanced investment funds. 18
2-7-3 bond investment funds or premium shares. 18
2-7-4 Specialized investment funds. 19
2-7-5 Investment funds with dual purpose. 19
2-7-6 Money market funds. 19
2-7-7 Growth and development funds. 20
2-7-8 index funds. 20
2-7-9 exchangeable funds. 20
2-7-10 Municipal bond funds 21
2-7-11 International investment funds. 21
2-8 General classification of investment funds. 21
2-8-1 Companies with fixed and variable capital. 21
2-8-1-1 Management company or fund with fixed capital (closed capital) 21
2-8-1-2 Management company or fund with variable capital (open capital) 22
2-8-2 Diversified and non-diversified funds. 23
2-8-2-1 Various funds. 23
2-8-2-2 non-diverse boxes. 23
2-8-3 Classification of mutual funds based on sales fees. 23
2-8-3-1 Funds with fees. 23
2-8-3-2 Fee-free funds. 25
2-8-4 Fund classification based on investment horizon. 25
2-8-4-1 Short-term funds. 25
2-8-4-2 Long-term funds. 26
2-9 pillars of investment funds. 28
2-10 The Mutual Fund Industry in the United States 31
2-10-1 Legal Structure. 31
2-10-2 pillars. 32
2-11 Inter-institutional structure. 35
2-11-1 Inter-institutional structure in the United States 35
2-11-2 Inter-institutional structure of mutual investment funds in Iran. 36
2-12 Features and benefits of investment funds. 37
2-12-1 Professional management 37
2-12-2 Economies due to scale 38
2-12-3 Liquidity possibility of investment units 38
2-12-4 Social mission of investment units. 39
2-12-5 Diversification of securities portfolio and risk reduction. 39
2-13 Disadvantages of investment funds. 39
2-14 Prospectus of investment funds. 40
2-15 types of expenses in investment funds. 41
2-15-1 Costs of the pillars. 41
2-15-2 periodic fee. 42
2-15-3 Issuance and cancellation costs. 43
2-16 Net asset value of investment funds. 43
2-17 How to price the assets of investment funds in the United States 45
2-18 Types of profit distribution methods in mutual investment funds. 46
2-19 Financial reporting requirements in investment funds. 47
2-19-1 Statements of assets and liabilities along with the table of investments 48
2-19-2 Statement of profit and loss.49
2-19-2-1 Incomes from transitory capital. 49
2-19-2-2 Fund expenses. 49
2-19-2-3 increase or decrease in net assets 49
2-19-3 statement of changes in capital 49
2-19-4 cash flow statement. 49
2-20 return on investment. 51
2-21 return on investment in the fund. 51
2-21-1 Cash profit of each investment unit. 51
2-21-2 Capital gains from sold assets 52
2-21-3 Capital gains from existing assets. 52
2-22 Risk. 52
2-22-1 Types of risk. 53
2-23 Risk taking. 53
2-23-1 Characteristics effective in risk taking. 54
2-23-2 Risk preferences. 55
2-24 Risk and return framework 56
2-25 Investment managers 56
2-25-1 Fund manager. 56
2-25-2 Investment manager. 57
2-25-2-1 CFA certificate. 58
2-25-2-2 MBA degree. 59
Research background. 60
Summary of chapter 63
Chapter three: research method. 64
3-1 Introduction. 65
2-3 definition of research. 65
3-3 research methods. 66
3-4 Statistical population and its volume. 66
3-5 sample volume and measurement method. 66
3-6 information gathering methods. 66
3-7 research assumptions. 68
3-8 research variables. 68
3-8-1 Net Daily Value of Fund Assets (NAV) 68
3-8-2 Real Return on Investment in Mutual Fund. 69
3-8-3 risk tolerance. 69
3-8-4 Education. 69
3-8-5 work records. 70
3-9 The method of analysis and hypothesis testing. 70
3-9-1 Regression analysis. 70
3-9-2 The significance test of the model. 72
3-9-3 The significance test of research variables. 73
3-9-4 Tests related to the assumptions of the linear regression model. 73
3-9-4-1 The assumption of normality of the residuals: 74
3-9-4-2 The assumption of non-collinearity between independent variables. 74
3-9-4-3 The assumption of independence of the remainders 75
3-9-4-4. The assumption of homogeneity of the variance of the residuals 75
3-9-5 Deciding to reject or accept the hypotheses 77
Chapter four: Data analysis 78
4-1 Introduction. 79
4-2 Descriptive statistics of research variables. 79
4-3 The normality test of the distribution of the dependent variable of the research. 82
4-4 Correlation between research variables. 83
4-5 The results of the test of research hypotheses. 84
4-5-1 Estimation of the model. 84
4-5-2 Interpretation of the results of the first research hypothesis test. 85
4-5-3 Interpretation of the results of the second research hypothesis test. 86
4-5-4 Interpretation of the results of the third research hypothesis test. 86
4-5-5 Interpretation of the results of the fourth research hypothesis test. 87
4-5-6 Interpretation of the results of the fifth research hypothesis test. 87
4-6 chapter summary. 88
Chapter five: conclusions and suggestions. 89
5-1 Introduction. 90
5-2 summary and conclusion. 90
5-2-1 Test results of the first research hypothesis. 91
5-2-2 The results of the second research hypothesis test. 92
5-2-3 The results of the third research hypothesis test. 92
5-2-4 The results of the fourth research hypothesis test. 93
5-2-5 The results of the fifth research hypothesis test. 93
5-3 Research proposals. 94
5-3-1 Suggestions based on research results. 94
5-3-2 Other research proposals. 95
5-3-3 Suggestions for future research. 95
Resources and sources. 96
Source:
Persian sources
Azer, Adel. Mansour Momeni (1389). "Statistics and its application in management", Volume 1, 14th edition, Semat Publishing House, Tehran.
Pi. Jones, Charles. (1943) Investment Management, translated and adapted by Dr. Reza Tehrani and Asgar Noorbakhsh, 5th edition-88. Bazargan, Abbas and Elaha Hijazi (2010). "Research Methods in Behavioral Sciences", 21st edition, Age Publishing House, Tehran.
Suri, Ali, (2009), Econometrics, first edition, Cultural Publishing House, Tehran.