Original scientific paper
https://doi.org/10.18045/zbefri.2018.2.465
The impact of fund attributes on performance: Empirical evidence for Polish equity funds
Dariusz Filip
orcid.org/0000-0002-6905-1004
; Cardinal Stefan Wyszynski University in Warsaw (UKSW), Faculty of History and Social Sciences, Department of Finance, 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.
Keywords
mutual funds; performance; CEE markets; fund attributes; fund characteristics
Hrčak ID:
213569
URI
Publication date:
28.12.2018.
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