Handbook of Financial Intermediation and Banking

M

MacKinlay, A., 81

Macroeconomic events, 321–324

Maddala, G. S., 174n, 180

Madhavan, A., 67, 84, 91

Magri, S., 534n21, 539n

Majluf, N. S., 18

Malkiel, B. G., 248

Malloy, C., 270

Managed portfolio, 192

performance measurement of, 193, 199–202

and attribution, 204

and market timing, 202

observable information signals, 218–220

with observable portfolio weights, 220–233

Sharpe ratio of, 201

theoretical benchmarks, 194–202

Managed portfolio returns cross section of, 233–249, 234–241

performance ability absence, inference in, 234–241

Managerial expenditure function, 150

Managerial utility function, 147

Managerial utility-maximization model, 159

Manager–investor relationship, 291

Manove, M., 34

Marcus, D., 117

Marginal cost, ...