Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5083628 | International Review of Economics & Finance | 2015 | 17 Pages |
Abstract
Applying a novel data set that covers the emerging Asia equity funds over a period from 2003 to 2009 at weekly frequency, we provide evidence of the existence of a U-shaped relationship between fund size and performance. Moreover, we find that (i) the size-performance relation is highly dependent on targeted investment markets. Using an endogenous regime switching model, we provide evidence of the different shapes (U-shaped and inverted U-shape) of size-performance relations for funds targeted at two types of countries (developing and newly advanced countries); (ii) the significant size-performance relation only comes from the non-crisis period.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Haoyuan Ding, Huanhuan Zheng, Chenqi Zhu,