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| 100 | 1 | 0 |
_aTran Dieu, Linh _eauthor |
| 245 | 0 | 0 | _aImpacts of Size on Mutual Funds Performance |
| 260 | _c2019. | ||
| 500 | _a32 | ||
| 520 | _aWeanalyze the impact of fund size on fund performance. Using a sample of equity funds in the French market for the period from 2002 to 2014, we obtain a U-inverse relation between these two variables. Fund performance increases first and then decreases with fund size as assets under management reach a critical size. This result highlights the conflict of interest between investors and fund managers. Being payed a percentage of assets under management, fund managers try to maximize the fund’s size. An increase in fund assets, favorable to the manager, may negatively impact fund performance. Classement JEL: G20, G23, G20. | ||
| 786 | 0 | _nRevue d'économie financière | 131 | 3 | 2019-01-04 | p. 285-316 | 0987-3368 | |
| 856 | 4 | 1 | _uhttps://shs.cairn.info/journal-revue-d-economie-financiere-2018-3-page-285?lang=en&redirect-ssocas=7080 |
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_c696774 _d696774 |
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