Mutual Fund Performance and the Incentive to Generate Alpha
Diane Del Guercio; Jonathan Reuter · 2013 · The Journal of Finance
WASTE classifies this as Negative / Null Result Report · AI classification, approximate
The study found no significant effect — useful as a negative control or null benchmark for your own design.
Abstract (excerpt)
ABSTRACT To rationalize the well‐known underperformance of the average actively managed mutual fund, we exploit the fact that retail funds in different market segments compete for different types of investors. Within the segment of funds…
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Metadata source: OpenAlex · DOI 10.1111/jofi.12048