Cortez, Maria Do Ceu Ribeiro; Paxson, Dean; Armada, … - In: The European Journal of Finance 5 (1999) 4, pp. 342-365
Recent evidence suggests that future performance is predictable from past performance, that is, funds with superior (inferior) performance in the past are likely to remain good (bad) performers in the future. This research addresses the persistence of mutual fund performance in a European...