The impact of fund attributes on performance: Empirical evidence for Polish equity funds

Dariusz Filip ()
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Dariusz Filip: Cardinal Stefan Wyszynski University in Warsaw (UKSW), Faculty of History and Social Sciences, Department of Finance. Wóycickiego St. 1/3, bl. 23, 01-938 Warsaw, Poland

Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, 2018, vol. 36, issue 2, 465-488

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 (search for similar items in EconPapers)
JEL-codes: G11 G23 G29 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:rfe:zbefri:v:36:y:2018:i:2:p:465-488

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