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Does fund size erode mutual fund performance
16 references·10 citing·28 second hop
Does fund size erode mutual fund performance (2016)Does fund size erode mutual fund performa…Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies (2000)Bad News Travels Slowly: Size…Home Bias at Home: Local Equity Preference in Domestic Portfolios (1999)Home Bias at Home: Local Equi…Costly Search and Mutual Fund Flows (1998)Costly Search and Mutual Fund…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Measuring Mutual Fund Perform…Formal and Real Authority in Organizations (1997)Formal and Real Authority in …Firms, Contracts, and Financial Structure (1995)Firms, Contracts, and Financi…Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Returns to Buying Winners and…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…Property Rights and the Nature of the Firm (1990)Property Rights and the Natur…The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration (1986)The Costs and Benefits of Own…Markets and Hierarchies: Analysis and Antitrust Implications. 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(1976)Production, Information Costs and Economic Organization (1996)Does function follow organizational form? Evidence from the lending practices of large and small banks (2005)Unbundling Institutions (2005)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Vertical Integration, Appropriable Rents, and the Competitive Contracting Process (1978)Comparative Economic Organization: The Analysis of Discrete Structural Alternatives (1991)The quality of government (1999)The New Institutional Economics: Taking Stock, Looking Ahead (2000)Does the Stock Market Overreact? (1985)Multifactor Explanations of Asset Pricing Anomalies (1996)Investor Psychology and Security Market Under‐ and Overreactions (1998)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)Dynamic capabilities and strategic management (1997)The Pricing of Options and Corporate Liabilities (1973)
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References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1937The Nature of the Firm23,826 cited
  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*19,431 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1993Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency11,575 cited
  • 1986The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration9,369 cited
  • 1990Property Rights and the Nature of the Firm5,407 cited
  • 1995Firms, Contracts, and Financial Structure4,671 cited
  • 1968THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–19644,330 cited
  • 1998Costly Search and Mutual Fund Flows3,217 cited
  • 1997Formal and Real Authority in Organizations3,119 cited
  • 1999Home Bias at Home: Local Equity Preference in Domestic Portfolios2,898 cited
  • 1997Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks2,844 cited
  • 1977Markets and Hierarchies: Analysis and Antitrust Implications.2,730 cited

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2000
Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies
2,639 cited

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  • 2014Incentive pay and bank risk-taking: Evidence from Austrian, German, and Swiss banks31 cited
  • 2016The Effect of Management Design on the Portfolio Concentration and Performance of Mutual Funds30 cited
  • 2014Capacity effects and winner fund performance: the relevance and interactions of fund size and family characteristics27 cited
  • 2014Investment Noise and Trends25 cited
  • 2019Private Equity Real Estate Funds: Returns, Risk Exposures, and Persistence24 cited
  • 2014Scale and Skill in Active Management23 cited
  • 2019Decreasing Returns or Reversion to the Mean? The Case of Private Equity Fund Growth19 cited