Chan, Howard W. H.; Faff, Robert W.; Gallagher, David R.; … - In: Australian Journal of Management 34 (2009) 1, pp. 73-96
Recent studies find evidence that small funds outperform large funds. This fund size effect is commonly hypothesized to … transaction cost intimidation. We analyse the interaction between transaction cost intimidation and the fund size effect, and … document that large managers pursuing a highly active trading strategy suffer more from fund size, than large funds following a …