This paper examines the short-term persistence in performance of equity mutual funds
around the world between 1990 and 2013. Using a large survivorship bias-free sample of 35 …

This paper examines the performance and persistence in performance of style-consistent
European equity mutual funds between 1988 and 2010. Using a large survivorship bias-free …

This paper analyzes the short-term market efficiency of the mutual fund industry around the
world. Using a unique database of worldwide domestic equity funds, it employs a parametric (…

We propose and test a methodological framework to examine the relation between mutual
fund fees and return predictability. Gil-Bazo and Ruiz-Verdu (2009) drew attention to the …

Our study examines whether financial distress risk is systematic risk using twelve portfolios
sorted by size, book-to-market, and leverage and a portfolio of distressed firms covering an 18…

… daily returns, Vidal, Vidal-García, and Boubaker (2015) show than over a third of mutual funds
present positive market timing around the world, while Vidal and VidalGarcía (2021) report …

… Using a sample of daily returns for 35 countries, Vidal, Vidal-Garcia, and Boubaker find that
more than a third of mutual funds show significantly positive market timing ability across all …

This paper examines the relationship between seasonality, idiosyncratic risk and mutual fund
returns using multifactor models. We use a large sample containing the return histories of …

… Vidal-García and Vidal (2014) show a relation between idiosyncratic risk and seasonality in
UK While Vidal-García et al. (2016a) find that liquidity and idiosyncratic risk are relevant risk …

The evolution of the big data and new techniques related to the processing and analysis of
large databases is revolutionizing the management of companies in the age of the Internet of …