Showing 1 - 10 of 64
Persistent link: https://www.econbiz.de/10003807976
Persistent link: https://www.econbiz.de/10003945509
Persistent link: https://www.econbiz.de/10003924505
Persistent link: https://www.econbiz.de/10009693737
Persistent link: https://www.econbiz.de/10003799819
Persistent link: https://www.econbiz.de/10001661695
Persistent link: https://www.econbiz.de/10002011410
Persistent link: https://www.econbiz.de/10001551884
Persistent link: https://www.econbiz.de/10013457308
We argue that active management's popularity is not puzzling despite the industry's poor track record. Our explanation features decreasing returns to scale: As the industry's size increases, every manager's ability to outperform passive benchmarks declines. The poor track record occurred before...
Persistent link: https://www.econbiz.de/10003953890