5Cai,J.,K.Chan and T.Yamada.1997.The performance of Japanese Mutual Funds[J].Review of Financial Studies,Vol 10,No2:237-273
6Jensen,M.C.1968.The Performance of Mutual Funds in the Period 1945-1964[J].Journal of Finance,23,May,pp:389-416.
7Treynor,J.L.and K.Mazuy.1996.Can Mutual Funds Outguess the Market?[J].Harvard Business Review,44,July-August:131-136.
8Lehmann,B.N.and D.M.Modest.1987.Mutual Fund Performance Evaluation:A Comparison of Benchmarks and Benchmark Comparisons[J].Journal of Finance,42,June:233-256.
9Lee,C.F.and S.Rahman.1990.Market Timing,Selectivity and Mutual Fund Performance:An Empirical Investigation[J].Journal of Business,April:261-278.
10Cumby,R.E.and J.D.Glen.1990.Evaluating the Performance of International Mutual Funds[J].Journal of Finance,45,June:497-521.
