Scale and Skill in Active Management
收藏数据链接：
官方服务：
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
