One of the perceived advantages in mutual fund management is the presence of economies of scale resulting from fund size. This article analyses the impact of mutual fund cash flows on the relation between size and performance, demonstrating that performance determines asymmetric variations in fund assets, particularly in mutual equity funds. Therefore, the more efficient funds generate broad enough cash flow entry that increases the relative size of the fund, leading to an implicit and positive relation between size and performance. So, if the average size over the period sample is used as a measure of size, such a relation would be biased. When the initial size is used, this bias is avoided and, in general, an insignificant relation is fou...
In this contribution we investigate the effects of the size of mutual funds on their performance by ...
In this contribution we investigate the effects of the size of mutual funds on their performance by ...
In this contribution we investigate the effects of the size of mutual funds on their performance by ...
The academic literature has found mixed evidence that fund size is negatively related to performance...
We investigate the effect of scale on performance in the active money management industry. We first ...
This paper provides recent evidence regarding the relationship between mutual fund size and risk-adj...
For shareholders of a mutual fund, the expense percentage represents the only factor whose daily eff...
We investigate the effect of scale on performance in the active money management industry. We first ...
The on-going debate on the relationship between fund asset size and performance has been inconclusiv...
This contribution studies the role of the size of mutual funds in the evaluation of the fund perform...
The effect of fund size on performance is an important issue in portfolio performance literatures. T...
This contribution studies the role of the size of mutual funds in the evaluation of the fund perform...
This contribution studies the role of the size of mutual funds in the evaluation of the fund perform...
This contribution studies the role of the size of mutual funds in the evaluation of the fund perform...
In this contribution we investigate the effects of the size of mutual funds on their performance by ...
In this contribution we investigate the effects of the size of mutual funds on their performance by ...
In this contribution we investigate the effects of the size of mutual funds on their performance by ...
In this contribution we investigate the effects of the size of mutual funds on their performance by ...
The academic literature has found mixed evidence that fund size is negatively related to performance...
We investigate the effect of scale on performance in the active money management industry. We first ...
This paper provides recent evidence regarding the relationship between mutual fund size and risk-adj...
For shareholders of a mutual fund, the expense percentage represents the only factor whose daily eff...
We investigate the effect of scale on performance in the active money management industry. We first ...
The on-going debate on the relationship between fund asset size and performance has been inconclusiv...
This contribution studies the role of the size of mutual funds in the evaluation of the fund perform...
The effect of fund size on performance is an important issue in portfolio performance literatures. T...
This contribution studies the role of the size of mutual funds in the evaluation of the fund perform...
This contribution studies the role of the size of mutual funds in the evaluation of the fund perform...
This contribution studies the role of the size of mutual funds in the evaluation of the fund perform...
In this contribution we investigate the effects of the size of mutual funds on their performance by ...
In this contribution we investigate the effects of the size of mutual funds on their performance by ...
In this contribution we investigate the effects of the size of mutual funds on their performance by ...
In this contribution we investigate the effects of the size of mutual funds on their performance by ...