Subject: Mutual fund performance | Fund characteristics | Manager characteristics | Manager behavior biases | HG
This paper surveys and critically evaluates the literature on the role of management effects and fund characteristics in mutual fund performance. First, a brief overview of performance measures is provided. Second, empirical findings on the predictive power of fund char... View more
funds (Ippolito, 1989; Gruber, 1996; Chevalier and Ellison, 1997; Massa, 2003; Nanda, Wang and Zheng, 2004; Barber, Odean and Zheng, 2004; Del Guercio and Tkac, 2002; Ivkovic and Weisbenner, 2009; Sirri and Tufano, 1998; Jain and Wu, 2000; Kacperczyk and Seru, 2007)19.
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