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Actively managed mutual funds exhibit heterogeneous and time-varying returns to fund and industry scale. When a fund starts out, it exhibits increasing returns to scale (IRS) to industry size and decreasing returns to scale (DRS) to fund size. As funds get older and larger, industry size IRS...
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Learning by doing matters for professional investors. We develop a new methodology to show that mutual fund managers … fund managers become more experienced, they pick better stocks, and their trades become better predictors for abnormal …
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This book is been compiled purposely to serve as a comprehensive and coherent guide to institutions and organizations to measure and assess individuals for or in leadership positions in and outside the school environment. The book is divided into three parts. Part I: deals with the meaning,...
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