Human Capital efficiency and equity funds’ performance during the COVID-19 pandemic

The paper investigates the impact of human capital efficiency (HCE) on equity funds’ performance during three stages of the COVID-19 pandemic. We collected data for 799 open-ended equity funds across five EU countries and ranked them in five categories of HCE and compare their risk-adjusted performa...

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Autores principales: Yarovaya, Larisa, Mirza, Nawazish, Abaidi, Jamila, Hasnaoui, Amir
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7518169/
http://dx.doi.org/10.1016/j.iref.2020.09.017
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author Yarovaya, Larisa
Mirza, Nawazish
Abaidi, Jamila
Hasnaoui, Amir
author_facet Yarovaya, Larisa
Mirza, Nawazish
Abaidi, Jamila
Hasnaoui, Amir
author_sort Yarovaya, Larisa
collection PubMed
description The paper investigates the impact of human capital efficiency (HCE) on equity funds’ performance during three stages of the COVID-19 pandemic. We collected data for 799 open-ended equity funds across five EU countries and ranked them in five categories of HCE and compare their risk-adjusted performance across these categories. The results suggest that during the COVID-19 outbreak, the equity funds that were ranked higher in HCE outperformed their counterparts. We suggest that fund managers should invest in human capital to improve funds’ coping ability and resilience during periods of extreme stress.
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spelling pubmed-75181692020-09-28 Human Capital efficiency and equity funds’ performance during the COVID-19 pandemic Yarovaya, Larisa Mirza, Nawazish Abaidi, Jamila Hasnaoui, Amir International Review of Economics & Finance Article The paper investigates the impact of human capital efficiency (HCE) on equity funds’ performance during three stages of the COVID-19 pandemic. We collected data for 799 open-ended equity funds across five EU countries and ranked them in five categories of HCE and compare their risk-adjusted performance across these categories. The results suggest that during the COVID-19 outbreak, the equity funds that were ranked higher in HCE outperformed their counterparts. We suggest that fund managers should invest in human capital to improve funds’ coping ability and resilience during periods of extreme stress. Elsevier Inc. 2021-01 2020-09-25 /pmc/articles/PMC7518169/ http://dx.doi.org/10.1016/j.iref.2020.09.017 Text en © 2020 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Yarovaya, Larisa
Mirza, Nawazish
Abaidi, Jamila
Hasnaoui, Amir
Human Capital efficiency and equity funds’ performance during the COVID-19 pandemic
title Human Capital efficiency and equity funds’ performance during the COVID-19 pandemic
title_full Human Capital efficiency and equity funds’ performance during the COVID-19 pandemic
title_fullStr Human Capital efficiency and equity funds’ performance during the COVID-19 pandemic
title_full_unstemmed Human Capital efficiency and equity funds’ performance during the COVID-19 pandemic
title_short Human Capital efficiency and equity funds’ performance during the COVID-19 pandemic
title_sort human capital efficiency and equity funds’ performance during the covid-19 pandemic
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7518169/
http://dx.doi.org/10.1016/j.iref.2020.09.017
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