Managerial attributes and equity mutual fund performance: evidence from china

Emmanuel Mamatzakis and Bingrun Xu

MPRA Paper from University Library of Munich, Germany

Abstract: The paper examines the performance of Chinese equity mutual funds and investigates the impact of fund managerial attributes (tenure, team management structure, management educational factors and funds under management) on equity mutual fund performance during the sample period from 2005 to 2013. The equity fund performance is measured using the Stochastic Frontier Approach (SFA) and several traditional fund performance methods such as Jensen’s Alpha and the Sharp ratio. The paper reveals that team–management in a large fund size has a negative impact on fund performance. A fund managed by managers with a longer tenure will perform worse than a fund whose managers are relatively new to a fund. Furthermore, there is a negative relationship between funds under management and equity fund performance. This paper finds that only fund managers with Master’s degrees have a positive impact on fund performance in the Chinese equity mutual fund industry.

Keywords: equity fund performance; managerial attributes (search for similar items in EconPapers)
JEL-codes: G20 G23 G30 G34 (search for similar items in EconPapers)
Date: 2016-04-05
New Economics Papers: this item is included in nep-hrm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/76139/1/MPRA_paper_76139.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:76139

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().