Scale and skill in active management
Has this study been replicated?
The atlas records 1 reproduction of this study. Recorded outcomes: 1 failed.
Reproductions
- Scale and Performance in Active Management are Not Negatively Related, Adams et al. (2022). Critical Finance Review. Outcome recorded: computational issues, robustness challenges.
Computational: we find the diseconomies of scale at the industry level result is an artifact of data errors that comprise less than 0.05% of the sample―168 out of 332,516 observations―that occurred most often in the year 2000.
Outcome read from the abstract. View paper
Cite this record
Pástor, Ľ., Stambaugh, R. F., & Taylor, L. A. (2015). Scale and skill in active management. Journal of Financial Economics, 116(1), 23–45. https://doi.org/10.1016/j.jfineco.2014.11.008
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