The Impact of Fund Attributes on Performance: Empirical Evidence for Polish Equity Funds

Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business, Vol. 36, No. 2, pp. 465-488, 2018.

Posted: 11 Jan 2019

Date Written: December 31, 2018

Abstract

This article investigates the relationship between the attributes and performance of mutual funds in Poland. The study employs classic measures of return and the most popular organizational factors discussed in the financial literature. By using a relatively large dataset of 152 equity funds operating during the 2002-2015 period, we were able to find performance dependence on fund characteristics in samples consisting of domestic or foreign entities. The results obtained by means of panel data estimation indicate that fund size and expense ratio have a positive impact on the achieved returns. Fund age is treated as a parameter that influences performance in a negative way.

Keywords: mutual funds, performance, CEE markets, fund attributes, fund characteristics

JEL Classification: G11, G23, G29

Suggested Citation

Filip, Dariusz, The Impact of Fund Attributes on Performance: Empirical Evidence for Polish Equity Funds (December 31, 2018). Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business, Vol. 36, No. 2, pp. 465-488, 2018., Available at SSRN: https://ssrn.com/abstract=3308849

Dariusz Filip (Contact Author)

UKSW ( email )

Faculty of History and Social Sciences
Warsaw
Poland

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