What drives mutual fund asset concentration?

Is the large influence that mutual funds assert on the U.S. financial system spread across many funds, or is it is concentrated in only a few? We argue that the dominant economic factor that determines this is market efficiency, which dictates that fund performance is size independent and fund growt...

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Detalles Bibliográficos
Autores principales: Schwarzkopf, Y, Farmer, J
Formato: Journal article
Publicado: 2008