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Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
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Nonis-Hudson-Hunt (p. 95-106) 



JOURNAL OF ACCOUNTING AND FINANCE 

Active Versus Passive Investing: Evidence from The 2009-2017 Market


Author(s): Dale Prondzinski, Mitchell Miller

Citation: Dale Prondzinski, Mitchell Miller, (2018) "Active Versus Passive Investing: Evidence from The 2009-2017 Market",  Journal of Accounting and Finance, Vol. 18, ss. 8, pp. 119-143

Article Type: Research paper

Publisher: North American Business Press

Abstract:

The paper explores the research question: During the March 1, 2009 to December 31, 2017 time period, which investment management style, active or passive, produced the better risk-adjusted performance?
The study tested nine hypotheses, derived from the above research question for the period.
The Sharpe composite portfolio performance measure, that combines risk and return into a single value, was used to measure, analyze, and rank risk-adjusted performance.
The study, comprised of 9 statistical tests, found that on a risk-adjusted basis that the active indices
(proxies for active management) Sharpe ratios did not significantly exceed the passive indices (proxies
for passive management) Sharpe ratios for the period tested.