Do Firm Characteristics Influence Mutual Fund Performance? An Empirical Study for European Mutual Funds

14 Pages Posted: 28 Nov 2017

See all articles by Frank de Jong

Frank de Jong

Tilburg University

Loes Wingens

Kempen Capital Management

Date Written: March 21, 2013

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 U.K. fund managers had better-performing funds.

Suggested Citation

de Jong, Frank and Wingens, Loes, Do Firm Characteristics Influence Mutual Fund Performance? An Empirical Study for European Mutual Funds (March 21, 2013). Journal of Financial Perspectives, Vol. 1, No. 1, 2013, Available at SSRN: https://ssrn.com/abstract=3077925

Frank De Jong (Contact Author)

Tilburg University ( email )

P.O. Box 90153
Tilburg, DC Noord-Brabant 5000 LE
Netherlands

Loes Wingens

Kempen Capital Management ( email )

P.O. Box 74666
Amsterdam, 1070 AR
Netherlands

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