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Passive versus Active Fund Performance: Do Index Funds Have Skill?
16 references·9 citing·24 second hopsampled
Passive versus Active Fund Performance: Do Index Funds Have Skill? (2014)Passive versus Active Fund Performance: D…Luck versus Skill in the Cross‐Section of Mutual Fund Returns (2010)Luck versus Skill in the Cros…How Active Is Your Fund Manager? A New Measure That Predicts Performance (2009)How Active Is Your Fund Manag…Mutual Fund Flows and Performance in Rational Markets (2004)Mutual Fund Flows and Perform…Mutual Fund Flows and Performance in Rational Markets (2002)Mutual Fund Flows and Perform…Mutual Fund Performance: An Empirical Decomposition into Stock‐Picking Talent, Style, Transactions Costs, and Expenses (2000)Mutual Fund Performance: An E…Costly Search and Mutual Fund Flows (1998)Costly Search and Mutual Fund…Risk Taking by Mutual Funds as a Response to Incentives (1997)Risk Taking by Mutual Funds a…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…Measuring Fund Strategy and Performance in Changing Economic Conditions (1996)Measuring Fund Strategy and P…Another Puzzle: The Growth in Actively Managed Mutual Funds (1996)Another Puzzle: The Growth in…Risk Taking by Mutual Funds as a Response to Incentives (1995)Risk Taking by Mutual Funds a…Returns from Investing in Equity Mutual Funds 1971 to 1991 (1995)Returns from Investing in Equ…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…Mutual Fund Performance: An Analysis of Quarterly Portfolio Holdings (1989)Mutual Fund Performance: An A…THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)THE PERFORMANCE OF MUTUAL FUN…Passive Ownership and Price Informativeness (2024)Passive Ownership and Price I…A Picture Is Worth a Thousand Dollars: Visual Aids Promote Investor Decisions (2023)A Picture Is Worth a Thousand…Climate change shocks and socially responsible investments (2022)Climate change shocks and soc…What sustainability assurance services do institutional investors demand and what value do they give them? (2021)What sustainability assurance…Skill, Scale, and Value Creation in the Mutual Fund Industry (2021)Skill, Scale, and Value Creat…Does passive investment have a positive governance effect? Evidence from index funds ownership and corporate innovation (2021)Does passive investment have …The impact of country-level and fund-level factors on mutual fund performance in Vietnam (2019)The impact of country-level a…How Rational and Competitive Is the Market for Mutual Funds? (2019)How Rational and Competitive …How Skilled Are Security Analysts? (2018)How Skilled Are Security Anal…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The effect of bonus schemes on accounting decisions (1985)Aggregation and Linearity in the Provision of Intertemporal Incentives (1987)Managerial Incentive Problems: A Dynamic Perspective (1999)The Geography of Investment: Informed Trading and Asset Prices (2001)Asset Fire Sales (and Purchases) in Equity Markets (2005)The Behavior of Stock-Market Prices (1965)Measuring skill in the mutual fund industry (2015)International tests of a five-factor asset pricing model (2016)Choosing factors (2018)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)Multifactor Explanations of Asset Pricing Anomalies (1996)Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization (2004)Herding and Feedback Trading by Institutional and Individual Investors (1999)Capital markets research in accounting (2001)The Cross‐Section of Volatility and Expected Returns (2006)In Search of Attention (2011)
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References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1968THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–19644,330 cited
  • 1998Costly Search and Mutual Fund Flows3,217 cited
  • 1997Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks2,844 cited
  • 1997Risk Taking by Mutual Funds as a Response to Incentives2,295 cited
  • 1996Another Puzzle: The Growth in Actively Managed Mutual Funds2,093 cited
  • 2004Mutual Fund Flows and Performance in Rational Markets2,082 cited
  • 2000Mutual Fund Performance: An Empirical Decomposition into Stock‐Picking Talent, Style, Transactions Costs, and Expenses1,854 cited
  • 2010Luck versus Skill in the Cross‐Section of Mutual Fund Returns1,781 cited
  • 1996Measuring Fund Strategy and Performance in Changing Economic Conditions1,759 cited
  • 1995Returns from Investing in Equity Mutual Funds 1971 to 19911,745 cited
  • 2009How Active Is Your Fund Manager? A New Measure That Predicts Performance1,660 cited
  • 1995Risk Taking by Mutual Funds as a Response to Incentives1,582 cited
  • 1989Mutual Fund Performance: An Analysis of Quarterly Portfolio Holdings

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1,349 cited
  • 2002Mutual Fund Flows and Performance in Rational Markets1,131 cited
  • Cited by

    • 2021Skill, Scale, and Value Creation in the Mutual Fund Industry81 cited
    • 2018How Skilled Are Security Analysts?52 cited
    • 2021What sustainability assurance services do institutional investors demand and what value do they give them?49 cited
    • 2019The impact of country-level and fund-level factors on mutual fund performance in Vietnam45 cited
    • 2024Passive Ownership and Price Informativeness44 cited
    • 2022Climate change shocks and socially responsible investments34 cited
    • 2019How Rational and Competitive Is the Market for Mutual Funds?30 cited
    • 2021Does passive investment have a positive governance effect? Evidence from index funds ownership and corporate innovation26 cited
    • 2023A Picture Is Worth a Thousand Dollars: Visual Aids Promote Investor Decisions3 cited