scholarly journals Scale and Skill in Mutual Fund Management: Evidence from Norway

2020 ◽  
Vol 3 (4) ◽  
pp. 1-20
Author(s):  
Markus Snøve Høiberg
Keyword(s):  
Panel Data ◽  
Mutual Fund ◽  
Fund Performance ◽  
Mutual Fund Performance ◽  
Fund Management ◽  
Average Performance ◽  
Performance Benchmarks ◽  
Survivorship Bias ◽  
The Relationship ◽  
Relevant Factors

Using a sample free of survivorship bias and several risk-adjusted performance benchmarks to identify effects of scale on mutual fund performance in the Norwegian market, I find mixed evidence that both large and small funds underperform as against the middle-sized funds in the period 2005-2018. Controlling for relevant factors in panel data regressions, I find that, on average, performance worsens with an increase in size while giving support to initial findings of nonlinearity. The relationship is most robust after 2013 and seems to be affected by competition in the market as well as fund inflows. I do not find any empirical evidence to support the liquidity hypothesis.

scholarly journals Mutual Fund Management and Fund Performance

2011 ◽  
Vol 4 (1) ◽  
Author(s):  
Barbara S. Poole ◽  
Candy A. Bianco ◽  
Craig Giroux
Keyword(s):  
Mutual Fund ◽  
Wall Street Journal ◽  
Business Schools ◽  
Fund Performance ◽  
Mutual Fund Performance ◽  
Fund Management ◽  
Wall Street ◽  
Mba Programs ◽  
Graduate Degrees

This study examines management characteristics, including education and experience, as determinants of mutual fund performance.  Managers with graduate degrees did not perform differently from managers without graduate degrees.  However, graduates of top 20 MBA programs outperformed MBAs from business schools not on the top 50 Wall Street Journal list.  Manager’s tenure was positively related to performance.

scholarly journals Corporate ownership and mutual fund performance: evidence from Taiwan

2008 ◽  
Vol 5 (4) ◽  
pp. 128-134 ◽  
Author(s):  
Chun-An Li ◽  
Hung-Cheng Lai
Keyword(s):  
Mutual Fund ◽  
Negative Relationship ◽  
Fund Performance ◽  
Board Members ◽  
Mutual Fund Performance ◽  
Corporate Ownership ◽  
Foreign Institutional Investors ◽  
Institutional Shareholders ◽  
The Relationship

We examine the relationship between corporate ownership and fund performance in Taiwan. Using the panel regression after controlling for fund attributes, the proportional share held by foreign institutional investors is positively correlated with fund performance. Furthermore, we also find a negative relationship between the number of board members and the return gap measure of fund performance, but ownership concentration are not effect on fund performance. Our results imply that foreign institutional shareholders are now playing a significant monitoring role of fund companies in Taiwan

scholarly journals Conceptual Framework for the Determinants of Mutual Fund Performance in Malaysia

2018 ◽  
Vol 3 (4) ◽  
pp. 48-53
Author(s):  
Hafinaz Hasniyanti Hassan ◽  
Nazimah Hussin
Keyword(s):  
Conceptual Framework ◽  
Mutual Funds ◽  
Mutual Fund ◽  
Structural Equation ◽  
Fund Performance ◽  
Mutual Fund Performance ◽  
Mediating Role ◽  
Fund Governance ◽  
The Relationship

Objective - The aim of the study is to identify the determinants of mutual fund performance. Mutual funds have grown in the global financial scene since the 1890s. Past studies have examined various issues associated with mutual funds. However, in Malaysia, mutual fund related studies are rather limited. While most global researches observe the determinants of conventional mutual fund performance, the literature in Malaysia focuses only on a comparison of the performance of mutual funds. Hence, this study aims to fill that gap by providing a framework to assess the determinants of mutual fund performance. More specifically, the study proposes a conceptual framework to determine the effect of historical return, fund governance, timing and selection skills on mutual fund performance. The advancement of the study can be found through the use of theory of performance and mutual fund fees as a mediator in determining the performance of mutual fund fees. Methodology/Technique - A quantitative approach based on secondary data will be used in this study. Multivariate regression analysis and structural equation modelling is also used to evaluate the relationship between the variables. Findings - A conceptual framework is proposed based on the Theory of Performance. The model fit and the mediating role of mutual fund fees will be confirmed after the collection of the research data. It is expected that historical return, fund governance, timing and selection skills will affect mutual fund performance and mutual fund fees will mediate the relationship between the two. Novelty – This study will provide a new perspective on mutual fund performance by using the Theory of Performance. In addition, the mediating role of mutual fund fees is further examined in relation to the specified determinants and mutual fund performance. Type of Paper - Review. Keywords: Mutual Funds; Fees; Performance; Mediator; Theory of Performance. JEL Classification: G10, G11, G19.

scholarly journals Survivorship Bias and Mutual Fund Performance: Relevance, Significance, and Methodical Differences*

2010 ◽  
Vol 15 (2) ◽  
pp. 441-474 ◽  
Author(s):  
Martin Rohleder ◽  
Hendrik Scholz ◽  
Marco Wilkens
Keyword(s):  
Mutual Fund ◽  
Fund Performance ◽  
Mutual Fund Performance ◽  
Survivorship Bias

Explaining Persistence in Mutual Fund Performance

CFA Digest ◽  
1999 ◽  
Vol 29 (2) ◽  
pp. 79-81
Author(s):  
Bruce D. Phelps
Keyword(s):  
Mutual Fund ◽  
Fund Performance ◽  
Mutual Fund Performance
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