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Export Reference (APA) 
Miguel, A. (2021). Do fund flows moderate persistence? Evidence from a global study. European Journal of Finance. 27 (7), 635-654
Export Reference (IEEE) 
A. M. Miguel,  "Do fund flows moderate persistence? Evidence from a global study", in European Journal of Finance, vol. 27, no. 7, pp. 635-654, 2021
Export BibTeX 
@article{miguel2021_1765845344903,
	author = "Miguel, A.",
	title = "Do fund flows moderate persistence? Evidence from a global study",
	journal = "European Journal of Finance",
	year = "2021",
	volume = "27",
	number = "7",
	doi = "10.1080/1351847X.2020.1830820",
	pages = "635-654",
	url = "http://www.tandfonline.com/toc/rejf20/current"
}
Export RIS 
TY  - JOUR
TI  - Do fund flows moderate persistence? Evidence from a global study
T2  - European Journal of Finance
VL  - 27
IS  - 7
AU  - Miguel, A.
PY  - 2021
SP  - 635-654
SN  - 1351-847X
DO  - 10.1080/1351847X.2020.1830820
UR  - http://www.tandfonline.com/toc/rejf20/current
AB  - We investigate whether fund flows eliminate future abnormal performance and persistence as in Berk and Green (2004) using a sample of open-end domestic equity mutual funds from 32 countries. We show that flows have only a small moderating effect on persistence even in the United States, where fund industry conditions most closely resemble the Berk and Green assumptions. In fact, we find that most countries do not have decreasing returns to scale in fund management and, as a result, flows have limited impact on mutual fund performance persistence.
ER  -