{"id":"https://openalex.org/W2016016405","doi":"https://doi.org/10.2307/2979005","title":"Aggregate Performance of Mutual Funds, 1948-1967","display_name":"Aggregate Performance of Mutual Funds, 1948-1967","publication_year":1970,"publication_date":"1970-03-01","ids":{"openalex":"https://openalex.org/W2016016405","doi":"https://doi.org/10.2307/2979005","mag":"2016016405"},"language":"en","primary_location":{"id":"doi:10.2307/2979005","doi":"https://doi.org/10.2307/2979005","is_oa":false,"landing_page_url":"https://doi.org/10.2307/2979005","pdf_url":null,"source":{"id":"https://openalex.org/S193228710","display_name":"Journal of Financial and Quantitative Analysis","issn_l":"0022-1090","issn":["0022-1090","1756-6916"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Financial and Quantitative Analysis","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5065328851","display_name":"Robert S. Carlson","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Robert S. Carlson","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5065328851"],"corresponding_institution_ids":[],"apc_list":{"value":3550,"currency":"USD","value_usd":3550},"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":137,"citation_normalized_percentile":{"value":0.28336496,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"5","issue":"1","first_page":"1","last_page":"1"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/mutual-fund-performance","display_name":"mutual fund performance","score":0.9309999942779541},{"id":"https://openalex.org/keywords/market-indices","display_name":"market indices","score":0.5879999995231628},{"id":"https://openalex.org/keywords/performance-evaluation","display_name":"performance evaluation","score":0.5519999861717224},{"id":"https://openalex.org/keywords/managed-portfolios","display_name":"managed portfolios","score":0.5199999809265137},{"id":"https://openalex.org/keywords/performance-prediction","display_name":"performance prediction","score":0.656000018119812},{"id":"https://openalex.org/keywords/fund-performance-determinants","display_name":"fund performance determinants","score":0.6370000243186951}],"concepts":[{"id":"https://openalex.org/C4679612","wikidata":"https://www.wikidata.org/wiki/Q866298","display_name":"Aggregate (composite)","level":2,"score":0.7358059287071228},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4931451678276062},{"id":"https://openalex.org/C84355842","wikidata":"https://www.wikidata.org/wiki/Q361863","display_name":"Closed-end fund","level":3,"score":0.4415391981601715},{"id":"https://openalex.org/C2777064782","wikidata":"https://www.wikidata.org/wiki/Q791974","display_name":"Mutual fund","level":2,"score":0.4140233099460602},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3600202202796936},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.319424033164978},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2627071738243103},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.07036757469177246},{"id":"https://openalex.org/C192562407","wikidata":"https://www.wikidata.org/wiki/Q228736","display_name":"Materials science","level":0,"score":0.051639407873153687},{"id":"https://openalex.org/C159985019","wikidata":"https://www.wikidata.org/wiki/Q181790","display_name":"Composite material","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.2307/2979005","doi":"https://doi.org/10.2307/2979005","is_oa":false,"landing_page_url":"https://doi.org/10.2307/2979005","pdf_url":null,"source":{"id":"https://openalex.org/S193228710","display_name":"Journal of Financial and Quantitative Analysis","issn_l":"0022-1090","issn":["0022-1090","1756-6916"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Financial and Quantitative Analysis","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:cup:jfinqa:v:5:y:1970:i:01:p:1-32_01","doi":null,"is_oa":false,"landing_page_url":"https://www.cambridge.org/core/product/identifier/S0022109000014824/type/journal_article","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/17","display_name":"Partnerships for the goals","score":0.41999998688697815}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":22,"referenced_works":["https://openalex.org/W149661105","https://openalex.org/W1543828735","https://openalex.org/W1814406486","https://openalex.org/W1970875388","https://openalex.org/W1992563875","https://openalex.org/W1993709375","https://openalex.org/W2002483086","https://openalex.org/W2019025561","https://openalex.org/W2029056003","https://openalex.org/W2040601152","https://openalex.org/W2040791020","https://openalex.org/W2041273623","https://openalex.org/W2053030651","https://openalex.org/W2062229217","https://openalex.org/W2075424268","https://openalex.org/W2083148578","https://openalex.org/W2089819736","https://openalex.org/W2113472366","https://openalex.org/W2141863469","https://openalex.org/W2328522002","https://openalex.org/W3122187992","https://openalex.org/W3123462387"],"related_works":["https://openalex.org/W2160901252","https://openalex.org/W2118475506","https://openalex.org/W2176237504","https://openalex.org/W2183897893","https://openalex.org/W3089987866","https://openalex.org/W2078870183","https://openalex.org/W4229560561","https://openalex.org/W4302807491","https://openalex.org/W6903761532","https://openalex.org/W3205031502"],"abstract_inverted_index":{"This":[0],"paper":[1],"applies":[2],"a":[3],"single":[4],"measure":[5],"of":[6,22,30,34,42],"investment":[7],"performance":[8,61],"to":[9,59],"mutual":[10],"fund":[11,60],"portfolios":[12],"for":[13,27],"the":[14,20,28,39,63],"20-year":[15],"period":[16,65],"1948\u20131967.":[17],"It":[18],"criticizes":[19],"efficacy":[21],"market":[23],"indices,":[24],"at":[25],"least":[26],"purpose":[29],"evaluating":[31],"aggregate":[32],"results":[33,44],"managed":[35],"portfolios;":[36],"it":[37,51],"tests":[38],"predictive":[40],"value":[41],"past":[43],"in":[45],"forecasting":[46],"future":[47],"performance;":[48],"and":[49],"finally,":[50],"identifies":[52],"two":[53],"factors":[54],"that":[55],"are":[56],"positively":[57],"related":[58],"during":[62],"time":[64],"studied.":[66]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":8},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":7},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":6},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":6},{"year":2013,"cited_by_count":9},{"year":2012,"cited_by_count":5}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}