Scale and Skill in Active Management
收藏NBER2014-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19891
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资源简介：
We empirically analyze the nature of returns to scale in active mutual fund management. We find strong evidence of decreasing returns at the industry level: As the size of the active mutual fund industry increases, a fund's ability to outperform passive benchmarks declines. At the fund level, all
提供机构：
美国国家经济研究局
创建时间：
2014-02-01
