New Search

Export article
Open Access

Scale and Skill in Mutual Fund Management: Evidence from Norway

SEISENSE Journal of Management , Volume 3, pp 1-20; doi:10.33215/sjom.v3i4.351

Abstract: Using a sample free of survivorship bias and several risk-adjusted performance benchmarks to identify effects of scale on mutual fund performance in the Norwegian market, I find mixed evidence that both large and small funds underperform as against the middle-sized funds in the period 2005-2018. Controlling for relevant factors in panel data regressions, I find that, on average, performance worsens with an increase in size while giving support to initial findings of nonlinearity. The relationship is most robust after 2013 and seems to be affected by competition in the market as well as fund inflows. I do not find any empirical evidence to support the liquidity hypothesis.
Keywords: Norway / Nonlinearity / survivorship / Robust / Evidence / Giving / Norwegian / Mixed / Underperform / Inflows

Scifeed alert for new publications

Never miss any articles matching your research from any publisher
  • Get alerts for new papers matching your research
  • Find out the new papers from selected authors
  • Updated daily for 49'000+ journals and 6000+ publishers
  • Define your Scifeed now

Share this article

Click here to see the statistics on "SEISENSE Journal of Management" .
Back to Top Top