The Relation between Price and Performance in the Mutual Fund Industry

By Raymond Galkowski. 2010

116 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/66bbee8fb42a9353a327045f8089a7901067d717

Citations in the corpus

• The flow-performance relationship around the world (2012, unknown): “We also use fund annual fees as a control variable, as many authors have 13 shown that these fees explain fund flows, including Barber, Odean, and Zheng (2005), Huang, Wei, and Yan (2007), and Gil-Bazo and Ruiz-Verdú (2009).”
• Behavioral Biases of Mutual Fund Investors (2011, unknown): “Weak associations between equity fund fees and performance may also reflect such behavior (Gil-Bazo and Ruiz-Verdu (2009)).”
• Which Factors Matter to Investors? Evidence from Mutual Fund Flows (2016, unknown): “(star spillover for fund families), Keswani and Stolin (2008) (smart-money effect in the United Kingdom), Gil-Bazo and Ruiz-Verdu (2009) (performance fee relationship), and Sensoy (2009) (mismatched style indices).”
• Indexing and Active Fund Management: International Evidence (2016, unknown): “Researchers have also debated whether the U.S. mutual fund industry as a whole is competitive (e.g., Coates and Hubbard, 2007; Gil-Bazo and Ruiz-Verdu, 2009; Wahal and Wang, 2011; Khorana and Servaes, 2012).”
• The Performance of Socially Responsible Mutual Funds: The Role of Fees and Management Companies (2010, unknown): “Houge and Wellman (2007), and Gil-Bazo and Ruiz-Verdú (2008) show that fund fees are higher in funds facing less performance-sensitive investors.”
• Risk Shifting and Mutual Fund Performance (2010, unknown): “Gil-Bazo and Ruiz-Verdu (2009) find that high-expense funds do not perform better than low-expense funds, even before subtracting expenses.”
• Mutual Fund Competition, Managerial Skill, and Alpha Persistence (2018, unknown): “Other work on fees includes Khorana, Servaes, and Tufano (2008) and Gil-bazo and Ruiz-Verdu (2009).”