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Why so Many Mutual Funds? Mutual Fund Families, Market Segmentation and Financial Performance
16 references·5 citing·46 second hop
Why so Many Mutual Funds? Mutual Fund Families, Market Segmentation and Financial Performance (2000)Why so Many Mutual Funds? Mutual Fund Fam…Applied Discrete-Choice Modelling (2018)Applied Discrete-Choice Model…The Determinants of Mutual Fund Starts (1999)The Determinants of Mutual Fu…Conditional Market Timing with Benchmark Investors (1998)Conditional Market Timing wit…Measuring Fund Strategy and Performance in Changing Economic Conditions (1996)Measuring Fund Strategy and P…Automobile Prices in Market Equilibrium (1995)Automobile Prices in Market E…Estimating Discrete-Choice Models of Product Differentiation (1994)Estimating Discrete-Choice Mo…The Performance of Bond Mutual Funds (1993)The Performance of Bond Mutua…Moral Hazard and the Portfolio Management Problem (1993)Moral Hazard and the Portfoli…Efficiency with Costly Information: A Reinterpretation of Evidence from Managed Portfolios (1993)Efficiency with Costly Inform…Discrete Choice Theory of Product Differentiation (1992)Discrete Choice Theory of Pro…Theory of Industrial Organization. (1989)Theory of Industrial Organiza…Efficiency With Costly Information: A Study of Mutual Fund Performance, 1965-1984 (1989)Efficiency With Costly Inform…Chapter 17 Empirical studies of industries with market power (1989)Chapter 17 Empirical studies …The Theory of Industrial Organization (1988)The Theory of Industrial Orga…An Empirical Investigation of the Arbitrage Pricing Theory (1980)An Empirical Investigation of…The Theory of Syndicates (1968)The Theory of SyndicatesThe Predictability of Managerial Heterogeneities in Mutual Funds (2014)The Predictability of Manager…Family Values and the Star Phenomenon: Strategies of Mutual Fund Families (2011)Family Values and the Star Ph…Mutual Fund Industry Competition and Concentration: International Evidence (2009)Mutual Fund Industry Competit…Trading Styles and Trading Volume (2005)Trading Styles and Trading Vo…Flows, Performance, and Managerial Incentives in the Hedge Fund Industry (2003)Flows, Performance, and Manag…The Theory of Monopolistic Competition (1957)Industrial Market Structure and Economic Performance. (1971)Econometric Models of Probabilistic Choice (1981)Banking Market Structure, Financial Dependence and Growth: International Evidence from Industry Data (2001)Competition, concentration and their relationship: An empirical analysis of the banking industry (2002)The profitability of european banks: a cross‐sectional and dynamic panel analysis (2004)Risk Aversion in the Small and in the Large (1976)Moral Hazard and Observability (1979)Optimal contracts and competitive markets with costly state verification (1979)Signaling in Retrospect and the Informational Structure of Markets (2002)Conditional logit analysis of qualitative choice behavior (1972)Simulation and the Asymptotics of Optimization Estimators (1989)Discrete Choice Methods with Simulation (2001)Simulation and the Monte Carlo Method (2016)Text-Based Network Industries and Endogenous Product Differentiation (2016)Mutual Fund Performance (1966)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)On the Impossibility of Informationally Efficient Markets (1980)Investor flows and the assessed performance of open-end mutual funds (1999)Short-Term Persistence in Mutual Fund Performance (2004)False Discoveries in Mutual Fund Performance: Measuring Luck in Estimated Alphas (2010)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)International evidence on ethical mutual fund performance and investment style (2004)On the Industry Concentration of Actively Managed Equity Mutual Funds (2005)Luck versus Skill in the Cross‐Section of Mutual Fund Returns (2010)Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition (1974)Measuring Market Power in the Ready-to-Eat Cereal Industry (1998)Red Media, Blue Media: Evidence of Ideological Selectivity in Media Use (2009)Impact of Online Consumer Reviews on Sales: The Moderating Role of Product and Consumer Characteristics (2010)Risk, Return, and Equilibrium: Empirical Tests (1973)Efficient Capital Markets: II (1991)Fundamentals and Stock Returns in Japan (1991)Alternative factor specifications, security characteristics, and the cross-section of expected stock returns1We are especially grateful to Eugene Fama (a referee), an anonymous referee and Bill Schwert (the editor) for insightful and constructive suggestions. We also thank Wayne Ferson, Ken French, Will Goetzmann, Craig Holden, Ravi Jagannathan, Bob Jennings, Bruce Lehmann, Josef Lakonishok, Richard Roll, participants at the 1997 Meetings of the Western Finance Association, the 1997 UCLA/USC/UC Irvine conference, the November 1997 Asset Pricing Meeting of the National Bureau of Economic Research, the Atlanta Forum, and seminars at Columbia, Indiana, Florida, New York, Tulane, and Yale Universities; Eugene Fama and Ken French for providing part of the data used in this study; and Christoph Schenzler for excellent programming assistance. The second author acknowledges support from the Dean's Fund for Research and the Financial Markets Research Center at Vanderbilt University. We are responsible for remaining errors. This paper was formerly titled `A Re-Examination of Security Return Anomalies'.1 (1998)Negation in syntax: on the nature of functional categories and projections (1991)Autolexical syntax : A theory of parallel grammatical representations. By Jerrold M. Sadock Chicago: University of Chicago Press, 1991. Pp. 254. (1997)The Incumbent's Curse? Incumbency, Size, and Radical Product Innovation (2000)Organizational Knowledge Creation Theory: Evolutionary Paths and Future Advances (2006)Verb Movement, Universal Grammar, and the Structure of IP, 1989 (2013)A Model of Growth Through Creative Destruction (1992)General purpose technologies ‘Engines of growth’? (1995)International Norm Dynamics and Political Change (1998)Technology, Geography, and Trade (2002)Micro-Foundations of Urban Agglomeration Economies (2003)Gravity Equations: Workhorse,Toolkit, and Cookbook (2014)
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References

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  • 1994Estimating Discrete-Choice Models of Product Differentiation2,945 cited
  • 1992Discrete Choice Theory of Product Differentiation2,327 cited
  • 1996Measuring Fund Strategy and Performance in Changing Economic Conditions1,759 cited
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  • 1980An Empirical Investigation of the Arbitrage Pricing Theory1,249 cited
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  • 1993The Performance of Bond Mutual Funds464 cited
  • 1998Conditional Market Timing with Benchmark Investors262 cited
  • 1999The Determinants of Mutual Fund Starts230 cited
  • 1993Moral Hazard and the Portfolio Management Problem

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Cited by

  • 2011Family Values and the Star Phenomenon: Strategies of Mutual Fund Families55 cited
  • 2003Flows, Performance, and Managerial Incentives in the Hedge Fund Industry50 cited
  • 2009Mutual Fund Industry Competition and Concentration: International Evidence24 cited
  • 2014The Predictability of Managerial Heterogeneities in Mutual Funds20 cited
  • 2005Trading Styles and Trading Volume20 cited