Droms, William; Walker, David - In: Applied Financial Economics 11 (2001) 4, pp. 457-466
This study tests persistence of mutual fund returns, turnover rates, and expense ratios over the 20-year period from 1971 to 1990. Multivariate models also are developed to examine synergies among persistence of returns, expense ratios and turnover rates. Potential long-run economies of scale...
