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The Scientific World Journal
Volume 2014, Article ID 521074, 12 pages
Research Article

Risk-Adjusted Impact of Administrative Costs on the Distribution of Terminal Wealth for Long-Term Investment

1Department of Econometrics, Riskcenter-IREA, University of Barcelona, Diagonal 690, 08034 Barcelona, Spain
2ATP Pension Fund, Kongens Vaenge 8, 3400 Hilleroed, Denmark
3Cass Business School, City University London, 106 Bunhill Row, London EC1Y 8TZ, UK

Received 4 March 2014; Accepted 19 June 2014; Published 12 August 2014

Academic Editor: Liang Ding

Copyright © 2014 Montserrat Guillén et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Citations to this Article [4 citations]

The following is the list of published articles that have cited the current article.

  • Michael Scholz, Jens Perch Nielsen, and Stefan Sperlich, “Nonparametric prediction of stock returns based on yearly data: The long-term view,” Insurance: Mathematics and Economics, 2015. View at Publisher · View at Google Scholar
  • Morten Tolver Kronborg, and Søren Fiig Jarner, “Why you should care about investment costs: A risk-adjusted utility approach,” Journal of Behavioral and Experimental Finance, vol. 6, pp. 56–66, 2015. View at Publisher · View at Google Scholar
  • Michael Scholz, Stefan Sperlich, and Jens Perch Nielsen, “Nonparametric long term prediction of stock returns with generated bond yields,” Insurance: Mathematics and Economics, 2016. View at Publisher · View at Google Scholar
  • Hato Schmeiser, and Joël Wagner, “What transaction costs are acceptable in life insurance products from the policyholders’ viewpoint?,” Journal of Risk Finance, vol. 17, no. 3, pp. 277–294, 2016. View at Publisher · View at Google Scholar