Mutual Fund Incubation

By R. Evans. 2010

576 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/e4ea46d94d8e71ba7f5bb8791c0161217866f69b

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Citations in the corpus

Luck versus Skill in the Cross-Section of Mutual Fund Returns (2010, unknown): “Evans (2010) suggests that incubation bias can be minimized by using returns only after funds receive a ticker symbol from NASDAQ, which typically means they are available to the public.”
Opportunity Structures in Established Firms (2012, background): “First, because funds are formally launched and registered by the parent company (Evans, 2010), the firm is in charge of organizing the fund under state law, registering it with the U.”
Derivatives Use and Risk Taking: Evidence from the Hedge Fund Industry (2011, unknown): “Risk-management-motivated use of derivatives should be associated with lower risk. But if derivatives are mainly traded by funds with better information, they can enhance fund performance through leverage and transaction-cost savings. In the sample, derivatives use in hedge funds is on average assoc”
How Much Does Size Erode Mutual Fund Performance? A Regression Discontinuity Approach (2015, result): “The fact that we only study funds in the time period in which they appear on a Morningstar CD limits the influence of incubation bias (Evans (2010)) on our results.”
Measuring the timing ability and performance of bond mutual funds (2010, unknown): “Data may be reported prior to the year of fund organization, for example, if a fund is incubated before it is made publicly available (see Elton, Gruber, and Blake, 2001; Evans, 2010).”
Portfolio Manager Compensation in the U.S. Mutual Fund Industry (2019, methodology): “5 Farnsworth and Taylor (2006) use survey data from 396 portfolio managers to analyze the determinants of portfolio manager compensation structures.”
Conflicting Family Values in Mutual Fund Families (2013, background): “Evans (2010) argues that fund incubation is another family strategy to spuriously inflate family returns. Massa (2003) finds that non-performance-related fund characteristics, such as product differentiation, are also used to establish family reputation. In a new theoretical paper, Goncalves-Pinto a”
Does Herding Behavior Reveal Skill? An Analysis of Mutual Fund Performance (2013, background): “…funds, as well as funds that do not primarily invest in US common equity.8 To address the incubation bias documented by Elton, Gruber, and Blake (2001) and Evans (2010), we exclude observations prior to the reported fund inception date, as well as funds whose net assets fall below $5 million.”
Mutual Fund Performance and Flows during the COVID-19 Crisis (2020, unknown): “25) for the six-factor model that includes the five factors of Fama and French (2015) plus momentum, to −29.”