and economically sound public fund management practices in these funds, as well as how to evaluate their governance and … finance literature, we also link their management to governance practices and country-specific characteristics, and contrast …

benchmark substantially mitigates the utility costs of decentralized investment management. These costs can be further reduced …

Beginning in 2008, we ran a randomized controlled trial that changed management practices in a set of Indian weaving … management practices adopted in the original experimental plants had been dropped, there was still a large and significant gap in … control plants, suggesting lasting impacts of effective management interventions. Second, while few management practices had …

We empirically analyze the nature of returns to scale in active mutual fund management. We find strong evidence of … avoid econometric biases are insignificant. We also find that the active management industry has become more skilled over …

find that flows chase risk-adjusted returns, and that funds respond by investing more in active management. Importantly …