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Economic rents and mutual fund performance: An empirical investigation

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  • Vinod Agarwal
  • Larry Prather

Abstract

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Suggested Citation

  • Vinod Agarwal & Larry Prather, 1997. "Economic rents and mutual fund performance: An empirical investigation," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 21(2), pages 67-73, June.
    • Handle: RePEc:spr:jecfin:v:21:y:1997:i:2:p:67-73
    DOI: 10.1007/BF02920765
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    References listed on IDEAS

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    1. Klemkosky, Robert C., 1973. "The Bias in Composite Performance Measures," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 8(3), pages 505-514, June.
    2. Ippolito, Richard A, 1992. "Consumer Reaction to Measures of Poor Quality: Evidence from the Mutual Fund Industry," Journal of Law and Economics, University of Chicago Press, vol. 35(1), pages 45-70, April.
    3. William F. Sharpe, 1965. "Mutual Fund Performance," The Journal of Business, University of Chicago Press, vol. 39, pages 119-119.
    4. Grossman, Sanford J & Stiglitz, Joseph E, 1980. "On the Impossibility of Informationally Efficient Markets," American Economic Review, American Economic Association, vol. 70(3), pages 393-408, June.
    5. Klemkosky, Robert C, 1976. "Additional Evidence on the Risk Level Discriminatory Powers of the Wiesenberger Classifications," The Journal of Business, University of Chicago Press, vol. 49(1), pages 48-50, January.
    6. Roll, Richard, 1978. "Ambiguity when Performance is Measured by the Securities Market Line," Journal of Finance, American Finance Association, vol. 33(4), pages 1051-1069, September.
    7. Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
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    Cited by:

    1. Prather, Larry J. & Middleton, Karen L. & Cusack, Antony J., 2001. "Are N+1 heads better than one? The timing and selectivity of Australian-managed investment funds," Pacific-Basin Finance Journal, Elsevier, vol. 9(4), pages 379-400, August.

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