Do firm characteristics influence mutual fund performance? An empirical study for European mutual funds

F.C.J.M. de Jong, L. Wingens

Research output: Contribution to journalArticleScientificpeer-review

Abstract

This study investigates the influence of fund management firm characteristics on mutual fund performance. Using a sample of European domiciled open-end equity funds for the period 1998-2008, this study finds that the funds of private companies have performed better than the funds of public companies. The degree of focus, the volume of assets under management and the number of funds offered by a fund management firm also have a positive impact on fund performance. In addition to these four firm characteristics, we find that non-European and UK fund managers had better performing funds.
Original languageEnglish
Pages (from-to)159-168
JournalJournal of Financial Perspectives
Volume1
Issue number1
Publication statusPublished - 2013

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Mutual fund performance
Empirical study
Firm characteristics
Mutual funds
Fund management
Equity
Assets
Fund performance
Fund managers
Private companies

Cite this

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title = "Do firm characteristics influence mutual fund performance? An empirical study for European mutual funds",
abstract = "This study investigates the influence of fund management firm characteristics on mutual fund performance. Using a sample of European domiciled open-end equity funds for the period 1998-2008, this study finds that the funds of private companies have performed better than the funds of public companies. The degree of focus, the volume of assets under management and the number of funds offered by a fund management firm also have a positive impact on fund performance. In addition to these four firm characteristics, we find that non-European and UK fund managers had better performing funds.",
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Do firm characteristics influence mutual fund performance? An empirical study for European mutual funds. / de Jong, F.C.J.M.; Wingens, L.

In: Journal of Financial Perspectives, Vol. 1, No. 1, 2013, p. 159-168.

Research output: Contribution to journalArticleScientificpeer-review

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AB - This study investigates the influence of fund management firm characteristics on mutual fund performance. Using a sample of European domiciled open-end equity funds for the period 1998-2008, this study finds that the funds of private companies have performed better than the funds of public companies. The degree of focus, the volume of assets under management and the number of funds offered by a fund management firm also have a positive impact on fund performance. In addition to these four firm characteristics, we find that non-European and UK fund managers had better performing funds.

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