cases, trust-related active share delivers superior performance, whereas the economic magnitude is larger for cross …

to scale, we find evidence of industry-level decreasing returns: The positive turnover-performance relation weakens when …

firms tend to enjoy a more favorable treatment from institutional investors, whereas firm performance has virtually no …

Ratios that indicate the statistical significance of a fund’s alpha typically appraise its performance. A growing … or trading frequently can significantly enhance performance ratios. This paper derives the performance maximizing … strategy - a variant of buy-write - and the least upper bound on such performance enhancement, thereby showing that if common …

operate as multi-product firms, jointly choosing fees, performance and number of funds and sharing common research facilities …. The family-based organization generates economies of scale in information that induce a trade off between performance and … informativeness (i.e., fees, size and performance of the funds and number of funds per family), to explain stock market liquidity. We …

performance. Informed investors affect prices indirectly, and in opposite directions: their monitoring activity tends to raise …

We investigate whether mutual fund families strategically transfer performance across member funds to favour those more …) overperform at the expense of ‘low value’ funds. Such a performance gap is above the one existing between similar funds not …