Two essays on mutual funds
This dissertation consists of two essays on mutual funds. In the first essay, I show that investors misallocate a substantial amount of capital in the active mutual fund industry. To this end, I develop a novel structural identification strategy to estimate returns to scale in active management and...
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| Language: | en_US |
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2020
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| Online Access: | https://hdl.handle.net/2144/40355 |