Scale and Skill in Active Management

By Ľuboš Pástor, Rob Stambaugh, Lucian A. Taylor. 2014

471 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/6156e2f67dfd02bd5a4cc0d306517466a61c1195

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. J. Gómez
2. Yuehua Tang
3. Lasse Heje Pedersen
4. Nicolae Gârleanu
5. Linlin Ma
6. Hyun Song Shin

In Finance

1. Lasse Heje Pedersen
2. Nicolae Gârleanu
3. J. Gómez
4. Yuehua Tang
5. Linlin Ma
6. Zhiguo He
7. Arvind Krishnamurthy
8. Darrell Duffie

Citations in the corpus

• Efficiently Inefficient Markets for Assets and Asset Management (2017, background): “The asset management industry grows when investors’ search costs diminish or when asset managers’ information costs go down, leading to more efficient asset markets, consistent with the evidence of Pastor et al. (2015). Other important models that speak (19)In the US, managers with larger fund famil”
• Portfolio Manager Compensation in the U.S. Mutual Fund Industry (2019, background): “This form 6 Similar to Pastor, Stambaugh, and Taylor (2015), we remove funds with Morningstar index fund indicator equal to “Yes.””