The impact of regulation-based constraints on portfolio selection: The Spanish case

E. Grizickas Sapkute (), M. A. Sánchez-Granero (), M. N. López García and Juan Trinidad-Segovia ()
Additional contact information
E. Grizickas Sapkute: University of Almería
M. A. Sánchez-Granero: University of Almería
M. N. López García: University of Almería

Palgrave Communications, 2022, vol. 9, issue 1, 1-14

Abstract: Abstract Discussion about the effect of constraints in portfolio selection is a popular topic in finance. In this paper, we test the portfolio performance under the existence of regulatory constraints. This paper tries to provide evidence of whether the existence of regulatory constraints translates into a better long-term performance of investment funds, one of the most important investment vehicles for citizens. We show the returns and their relationship with the portfolio’s risk, compared to the same set without the usage of these constraints. The results state that, when using regulation as the constraining factor, we obtain more efficient portfolios.

Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1057/s41599-022-01327-w Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palcom:v:9:y:2022:i:1:d:10.1057_s41599-022-01327-w

Ordering information: This journal article can be ordered from
https://www.nature.com/palcomms/about

DOI: 10.1057/s41599-022-01327-w

Access Statistics for this article

More articles in Palgrave Communications from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().