Expense Ratio as an Effect of Fund Attributes’ Impact

Annales Universitatis Mariae Curie-Skłodowska, Sectio H – Oeconomia, vol. 52, no. 4, 17-27, 2018.

Posted: 16 Apr 2019

Date Written: December 1, 2018

Abstract

The aim of this paper is to examine if fund attributes such as size, age and family size influence the expense ratio. The study employs multiple regression analysis for cross-section data with the use of three methods of estimation (OLS, Fama–MacBeth and IRLS). The analysis is conducted using data from four segments of Polish mutual funds. The results confirm the existence of small economies of scale in the case of the expenses incurred in connection with the increasing assets under management.

Keywords: mutual funds, fund attributes, expense ratio, charges

JEL Classification: G11, G23, G29

Suggested Citation

Filip, Dariusz, Expense Ratio as an Effect of Fund Attributes’ Impact (December 1, 2018). Annales Universitatis Mariae Curie-Skłodowska, Sectio H – Oeconomia, vol. 52, no. 4, 17-27, 2018., Available at SSRN: https://ssrn.com/abstract=3356386

Dariusz Filip (Contact Author)

UKSW ( email )

Faculty of History and Social Sciences
Warsaw
Poland

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