Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks

Common risk factors in the returns on stocks and bonds

1993 • 26,177 citations

On Persistence in Mutual Fund Performance

1997 • 16,085 citations

The Cross‐Section of Expected Stock Returns

1992 • 15,031 citations

Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency

1993 • 10,751 citations

Multifactor Explanations of Asset Pricing Anomalies

1996 • 6,381 citations

Industry costs of equity

1997 • 5,967 citations

On the Impossibility of Informationally Efficient Markets

1980 • 4,825 citations

THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945-1964

1968 • 4,463 citations

On the impossibility of informationally efficient markets

1980 • 3,972 citations

Evidence of Predictable Behavior of Security Returns

1990 • 2,552 citations

Another Puzzle: The Growth in Actively Managed Mutual Funds

1996 • 2,132 citations

Market underreaction to open market share repurchases

1995 • 1,824 citations

Evidence on the Characteristics of Cross Sectional Variation in Stock Returns

1997 • 1,718 citations

Measuring Fund Strategy and Performance in Changing Economic Conditions

1996 • 1,677 citations

Returns from Investing in Equity Mutual Funds 1971 to 1991

1995 • 1,493 citations

Mutual Fund Performance: An Analysis of Quarterly Portfolio Holdings

1989 • 1,430 citations

Momentum Investment Strategies, Portfolio Performance, and Herding: A Study of Mutual Fund Behavior

1995 • 1,361 citations

Survivorship Bias in Performance Studies

1992 • 1,161 citations

Hot Hands in Mutual Funds: Short‐Run Persistence of Relative Performance, 1974–1988

1993 • 1,152 citations

Momentum Investment Strategies, Portfolio Performance, and Herding: A Study of Mutual Fund Behavior

1994 • 1,122 citations

The Persistence of Mutual Fund Performance

1992 • 983 citations

Performance Measurement without Benchmarks: An Examination of Mutual Fund Returns

1993 • 858 citations

Portfolio Performance Evaluation: Old Issues and New Insights

1989 • 622 citations

Radio Spectrum Allocation: Role of the Market

2016 • 618 citations

Do Winners Repeat?

1994 • 597 citations

Differential Information and Performance Measurement Using a Security Market Line

1985 • 365 citations

An Investigation of the Impact of Industry Factors in Asset-Pricing Tests

1996 • 44 citations