In this paper, I obtain new measures of the value of active portfolio management by forming replicating portfolios. These measures allow for a separate evaluation of fund managers' strategic and tactical decisions. I also obtain new evidence on the value of trading by decomposing it into...

This paper presents empirical evidence of the international integration of Swedish economic historians. Contrary to the claims of a recent national evaluation of the discipline, the Swedish shares of international publications and conference presentations are robustly below available...