How Much Does Size Erode Mutual Fund Performance? A Regression Discontinuity Approach
收藏NBER2010-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16329
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资源简介：
The level of diseconomies of scale in asset management has important implications for tests of manager skill and the expected level of performance persistence. To identify the causal impact of fund size on future returns, we exploit the fact that small differences in returns can cause discrete
提供机构：
美国国家经济研究局
创建时间：
2010-09-01
