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The impact of fund attributes on performance: Empirical evidence for Polish equity funds

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  • Dariusz Filip

    (Cardinal Stefan Wyszynski University in Warsaw (UKSW), Faculty of History and Social Sciences, Department of Finance. Wóycickiego St. 1/3, bl. 23, 01-938 Warsaw, Poland)

Abstract

This article investigates the relationship between the attributes and performance of mutual funds in Poland. The study employs classic measures of return and the most popular organizational factors discussed in the financial literature. By using a relatively large dataset of 152 equity funds operating during the 2002-2015 period, we were able to find performance dependence on fund characteristics in samples consisting of domestic or foreign entities. The results obtained by means of panel data estimation indicate that fund size and expense ratio have a positive impact on the achieved returns. Fund age is treated as a parameter that influences performance in a negative way.

Suggested Citation

  • Dariusz Filip, 2018. "The impact of fund attributes on performance: Empirical evidence for Polish equity funds," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 36(2), pages 465-488.
    • Handle: RePEc:rfe:zbefri:v:36:y:2018:i:2:p:465-488
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    References listed on IDEAS

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    More about this item

    Keywords

    mutual funds; performance; CEE markets; fund attributes; fund characteristics;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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