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Measuring Managerial Skill in the Mutual Fund Industry

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NBER2012-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18184
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Using the dollar-value a mutual fund manager adds as the measure of skill, we find that not only does skill exist (the average mutual fund manager adds about $2 million per year), but this skill is persistent, as far out as 10 years. We further document that investors recognize this skill and reward
提供机构:
美国国家经济研究局
创建时间:
2012-06-01
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