In response to fundamental changes in regulation and technology, the financial industry is
undergoing an unprecedented wave of consolidation. A growing body of empirical literature …

We investigate the effect of scale on performance in the active money management industry.
We first document that fund returns, both before and after fees and expenses, decline with …

Using stock transactions data along with detailed stockholdings for a comprehensive sample
of US actively managed equity mutual funds from 1993 to 2002, this paper empirically …

Extensive research has evaluated mutual fund performance in different financial markets
which led to mixed results (Soderlind et al., 2000; Korkeamaki and Smythe, 2004), however …

We investigate the effect of fund size on performance among active mutual funds. We first
document that fund returns, both before and after management fees, decline with fund size …

Using a detailed stockholding for a comprehensive sample of Chinese open-end equity
mutual funds from 2004 to the first half of 2010, we investigated the effect of economy of …

Purpose The purpose of this paper is to investigate the impact of investor confidence on
mutual fund performance in two relatively vulnerable but leading emerging markets, India …

Purpose The purpose of this paper is to find whether Chinese equity funds outperform the
market and do Chinese fund managers possess positive market timing ability. This study …

Recent studies find evidence that small funds outperform large funds. This fund size effect is
commonly hypothesized to be caused by transaction costs. Due to the lack of transactions …

In this study, we examine the role of fund characteristics in determining mutual fund
performance in India. The data comprises of 237 open-ended Indian equity (growth) …