Purpose: Experiential approaches have become increasingly common in entrepreneurship education in response to calls for different approaches to the traditional didactic process-driven approach. Experiential approaches offer the potential to develop the skills and mindset that are required in...

We investigate mutual funds' decision to shut out new investors. We first document that only those closed funds that do not subsequently launch new funds can continuously deliver significantly positive objective- and size-adjusted returns up to six months after the closure. This suggests the...

Using a unique dataset, we document that only those closed funds for which no new fund is subsequently launched continuously deliver positive abnormal returns. This suggests the existence of an optimal fund scale. In spite of the potential diseconomies of scale, a non-trivial proportion of...