Essec\Faculty\Model\Contribution {#2233 ▼
#_index: "academ_contributions"
#_id: "10759"
#_source: array:26 [
"id" => "10759"
"slug" => "what-determines-fund-performance-persistence-international-evidence"
"yearMonth" => "2019-10"
"year" => "2019"
"title" => "What determines fund performance persistence? International evidence"
"description" => "FERREIRA, M.A., KESWANI, A., MIGUEL, A.F. et RAMOS, S. (2019). What determines fund performance persistence? International evidence. <i>Financial Review</i>, 54(4), pp. 679-708.
FERREIRA, M.A., KESWANI, A., MIGUEL, A.F. et RAMOS, S. (2019). What determines fund performance pers
"
"authors" => array:4 [
0 => array:3 [
"name" => "RAMOS Sofia"
"bid" => "B00683001"
"slug" => "ramos-sofia"
]
1 => array:1 [
"name" => "FERREIRA Miguel A."
]
2 => array:1 [
"name" => "KESWANI Aneel"
]
3 => array:1 [
"name" => "MIGUEL Antonio F."
]
]
"ouvrage" => ""
"keywords" => array:5 [
0 => "fund industry competition"
1 => "manager skill"
2 => "mutual fund persistence"
3 => "G15"
4 => "G23"
]
"updatedAt" => "2021-09-24 10:33:27"
"publicationUrl" => "https://doi.org/10.1111/fire.12202"
"publicationInfo" => array:3 [
"pages" => "679-708"
"volume" => "54"
"number" => "4"
]
"type" => array:2 [
"fr" => "Articles"
"en" => "Journal articles"
]
"support_type" => array:2 [
"fr" => "Revue scientifique"
"en" => "Scientific journal"
]
"countries" => array:2 [
"fr" => null
"en" => null
]
"abstract" => array:2 [
"fr" => "We study performance persistence across a global sample of equity mutual funds from 27 countries. In contrast to the existing U.S.‐based evidence, we find that net performance persistence is present in the majority of fund industries, suggesting that fund manager skill is commonplace rather than a rarity. Consistent with the intuition that more competition in the mutual fund industry makes remaining a winner fund less likely but keeping a loser fund at the bottom of the performance ranks more probable, we show that competitiveness explains the cross‐sectional variation in performance persistence.
We study performance persistence across a global sample of equity mutual funds from 27 countries. In
"
"en" => "We study performance persistence across a global sample of equity mutual funds from 27 countries. In contrast to the existing U.S.‐based evidence, we find that net performance persistence is present in the majority of fund industries, suggesting that fund manager skill is commonplace rather than a rarity. Consistent with the intuition that more competition in the mutual fund industry makes remaining a winner fund less likely but keeping a loser fund at the bottom of the performance ranks more probable, we show that competitiveness explains the cross‐sectional variation in performance persistence.
We study performance persistence across a global sample of equity mutual funds from 27 countries. In
"
]
"authors_fields" => array:2 [
"fr" => "Finance"
"en" => "Finance"
]
"indexedAt" => "2025-02-23T07:21:40.000Z"
"docTitle" => "What determines fund performance persistence? International evidence"
"docSurtitle" => "Articles"
"authorNames" => "<a href="/cv/ramos-sofia">RAMOS Sofia</a>, FERREIRA Miguel A., KESWANI Aneel, MIGUEL Antonio F."
"docDescription" => "<span class="document-property-authors">RAMOS Sofia, FERREIRA Miguel A., KESWANI Aneel, MIGUEL Antonio F.</span><br><span class="document-property-authors_fields">Finance</span> | <span class="document-property-year">2019</span>
<span class="document-property-authors">RAMOS Sofia, FERREIRA Miguel A., KESWANI Aneel, MIGUEL Anton
"
"keywordList" => "<a href="#">fund industry competition</a>, <a href="#">manager skill</a>, <a href="#">mutual fund persistence</a>, <a href="#">G15</a>, <a href="#">G23</a>
<a href="#">fund industry competition</a>, <a href="#">manager skill</a>, <a href="#">mutual fund pe
"
"docPreview" => "<b>What determines fund performance persistence? International evidence</b><br><span>2019-10 | Articles </span>
<b>What determines fund performance persistence? International evidence</b><br><span>2019-10 | Artic
"
"docType" => "research"
"publicationLink" => "<a href="https://doi.org/10.1111/fire.12202" target="_blank">What determines fund performance persistence? International evidence</a>
<a href="https://doi.org/10.1111/fire.12202" target="_blank">What determines fund performance persis
"
]
+lang: "fr"
+"_type": "_doc"
+"_score": 9.006754
+"parent": null
}