Scale and Skill in Active Management

On Persistence in Mutual Fund Performance

1997 • 16,085 citations

Mostly Harmless Econometrics

2008 • 4,648 citations

A Survey of Weak Instruments and Weak Identification in Generalized Method of Moments

2002 • 4,079 citations

Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks

1997 • 2,812 citations

Mutual Fund Flows and Performance in Rational Markets

2004 • 1,923 citations

Mutual Fund Performance: An Empirical Decomposition into Stock‐Picking Talent, Style, Transactions Costs, and Expenses

2000 • 1,890 citations

Private Equity Performance: Returns, Persistence, and Capital Flows

2005 • 1,768 citations

The Performance of Mutual Funds in the Period 1945-1964

1968 • 1,763 citations

Measuring Fund Strategy and Performance in Changing Economic Conditions

1996 • 1,677 citations

Predictive regressions

1999 • 1,589 citations

Luck versus Skill in the Cross‐Section of Mutual Fund Returns

2010 • 1,588 citations

Asset fire sales (and purchases) in equity markets

2007 • 1,462 citations

Mutual Fund Performance: An Analysis of Quarterly Portfolio Holdings

1989 • 1,430 citations

Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization

2004 • 1,310 citations

On the Industry Concentration of Actively Managed Equity Mutual Funds

2005 • 1,074 citations

Can Mutual Fund “Stars” Really Pick Stocks? New Evidence from a Bootstrap Analysis

2006 • 965 citations

Career Concerns of Mutual Fund Managers

1999 • 816 citations

Unobserved Actions of Mutual Funds

2006 • 777 citations

False Discoveries in Mutual Fund Performance: Measuring Luck in Estimated Alphas

2010 • 759 citations

Hedge Funds: Performance, Risk, and Capital Formation

2008 • 638 citations

Mutual Fund Incubation

2010 • 623 citations

A Flow-Based Explanation for Return Predictability

2012 • 593 citations

Is Money Really 'Smart'? New Evidence on the Relation Between Mutual Fund Flows, Manager Behavior, and Performance Persistence

2003 • 542 citations

A NOTE ON USING CROSS‐SECTIONAL INFORMATION IN BAYESIAN ESTIMATION OF SECURITY BETAS

1973 • 467 citations

Aggregate price effects of institutional trading: a study of mutual fund flow and market returns

2001 • 427 citations

Mutual fund performance and seemingly unrelated assets

2002 • 426 citations

A First Look at the Accuracy of the CRSP Mutual Fund Database and a Comparison of the CRSP and Morningstar Mutual Fund Databases

2001 • 400 citations

The Determinants of Mutual Fund Performance: A Cross-Country Study*

2012 • 391 citations

How Does Size Affect Mutual Fund Behavior?

2008 • 374 citations

Judging Fund Managers by the Company They Keep

2005 • 331 citations

Liquidity, Investment Style, and the Relation between Fund Size and Fund Performance

2008 • 320 citations

Performance evaluation and self-designated benchmark indexes in the mutual fund industry

2009 • 320 citations

Predicting Global Stock Returns

2009 • 306 citations

On the Size of the Active Management Industry

2012 • 222 citations

Costs of Equity Capital and Model Mispricing

1999 • 218 citations

Mutual Fund Trading Pressure: Firm‐Level Stock Price Impact and Timing of SEOs

2012 • 210 citations

The Right Amount of Assets Under Management

1991 • 192 citations

Scale Effects in Mutual Fund Performance: The Role of Trading Costs

2007 • 151 citations

Does Mutual Fund Size Matter? The Relationship Between Size and Performance

2012 • 103 citations

Should Benchmark Indices Have Alpha? Revisiting Performance Evaluation

2012 • 102 citations

ESTIMATION OF AUTOREGRESSIVE ROOTS NEAR UNITY USING PANEL DATA

2000 • 93 citations

Does Active Management Pay? New International Evidence

2013 • 65 citations

Good Stewards, Cheap Talkers, or Family Men? The Impact of Mutual Fund Closures on Fund Managers, Flows, Fees, and Performance

2006 • 64 citations

The Mutual Fund Industry Worldwide: Explicit and Closet Indexing, Fees, and Performance

2011 • 52 citations

A Test for Slope Heterogeneity in Fixed Effects Models

2013 • 31 citations

Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds

2016 • 12 citations