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Tekijä: | Sawicki, J. Finn, F. |
Otsikko: | Smart money and small funds |
Lehti: | Journal of Business Finance and Accounting
2002 : JUN-JUL, VOL. 29:5-6, p. 825-846 |
Asiasana: | Funds Investment analysis Performance appraisal |
Kieli: | eng |
Tiivistelmä: | The authors study the relationship between recent performance and the movement of managed funds' assets by investigating the effects of fund size and age. The results confirm a size effect, as well as an age effect. Tests distinguishing between the two favor a size rather than an age interpretation. |
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