The Cross-Section of Investing Skill
Building on insights from the economics of superstars, I develop an efficient method for estimating the skill of mutual fund managers. Outliers are especially helpful for disentangling skill from luck when I explicitly model the cross-sectional distribution of managerial skill using a flexible and r...
| Main Author: | |
|---|---|
| Language: | English |
| Published: |
2012
|
| Subjects: | |
| Online Access: | https://doi.org/10.7916/D8RX9K5V |