{"id":"https://openalex.org/W3124628463","doi":null,"title":"Mutual Fund Size, Fund Family Size and Mutual Fund Performance: The Role of Regulatory Changes","display_name":"Mutual Fund Size, Fund Family Size and Mutual Fund Performance: The Role of Regulatory Changes","publication_year":2012,"publication_date":"2012-01-01","ids":{"openalex":"https://openalex.org/W3124628463","mag":"3124628463"},"language":"en","primary_location":{"id":"pmh:oai:ink.library.smu.edu.sg:soa_research-1848","doi":null,"is_oa":true,"landing_page_url":"https://ink.library.smu.edu.sg/soa_research/849","pdf_url":null,"source":{"id":"https://openalex.org/S4306401925","display_name":"Singapore Management University Institutional Knowledge (InK) (Singapore Management University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I79891267","host_organization_name":"Singapore Management University","host_organization_lineage":["https://openalex.org/I79891267"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Journal Article"},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://ink.library.smu.edu.sg/soa_research/849","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5081928611","display_name":"Sanjeev Bhojraj","orcid":"https://orcid.org/0000-0001-5681-3500","observed_orcids":["https://orcid.org/0000-0001-5681-3500"]},"institutions":[{"id":"https://openalex.org/I205783295","display_name":"Cornell University","ror":"https://ror.org/05bnh6r87","country_code":"US","type":"education","lineage":["https://openalex.org/I205783295"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"BHOJRA, Sanjeev","raw_affiliation_strings":["Cornell University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Cornell University","institution_ids":["https://openalex.org/I205783295"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5010798400","display_name":"Young Jun Cho","orcid":"https://orcid.org/0000-0003-4948-3309","observed_orcids":["https://orcid.org/0000-0003-4948-3309"]},"institutions":[{"id":"https://openalex.org/I79891267","display_name":"Singapore Management University","ror":"https://ror.org/050qmg959","country_code":"SG","type":"education","lineage":["https://openalex.org/I79891267"]}],"countries":["SG"],"is_corresponding":false,"raw_author_name":"CHO, Young Jun","raw_affiliation_strings":["Singapore Management University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Singapore Management University","institution_ids":["https://openalex.org/I79891267"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5054338630","display_name":"Nir Yehuda","orcid":"https://orcid.org/0000-0003-4863-3045","observed_orcids":["https://orcid.org/0000-0003-4863-3045"]},"institutions":[{"id":"https://openalex.org/I111979921","display_name":"Northwestern University","ror":"https://ror.org/000e0be47","country_code":"US","type":"education","lineage":["https://openalex.org/I111979921"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Yehuda, Nir","raw_affiliation_strings":["Northwestern University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Northwestern University","institution_ids":["https://openalex.org/I111979921"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":7.4445,"has_fulltext":false,"cited_by_count":82,"citation_normalized_percentile":{"value":0.97131209,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":95,"max":99},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9932000041007996,"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":0.9932000041007996,"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/T10019","display_name":"Corporate Finance and Governance","score":0.004800000227987766,"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/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0006000000284984708,"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":0.9520000219345093},{"id":"https://openalex.org/keywords/fund-family-size","display_name":"fund family size","score":0.9919999837875366},{"id":"https://openalex.org/keywords/regulation-fair-disclosure","display_name":"Regulation Fair Disclosure","score":0.9789999723434448},{"id":"https://openalex.org/keywords/global-settlement","display_name":"global settlement","score":0.9739999771118164},{"id":"https://openalex.org/keywords/selective-disclosure","display_name":"selective disclosure","score":0.847000002861023},{"id":"https://openalex.org/keywords/investment-banks","display_name":"investment banks","score":0.515999972820282},{"id":"https://openalex.org/keywords/analyst-forecast-revisions","display_name":"analyst forecast revisions","score":0.9359999895095825},{"id":"https://openalex.org/keywords/stock-picking-skill","display_name":"stock-picking skill","score":0.8629999756813049},{"id":"https://openalex.org/keywords/earnings-announcement-returns","display_name":"earnings announcement returns","score":0.9150000214576721},{"id":"https://openalex.org/keywords/regulatory-change","display_name":"regulatory change","score":0.3310000002384186}],"concepts":[{"id":"https://openalex.org/C2777064782","wikidata":"https://www.wikidata.org/wiki/Q791974","display_name":"Mutual fund","level":2,"score":0.7617306709289551},{"id":"https://openalex.org/C90561083","wikidata":"https://www.wikidata.org/wiki/Q6015055","display_name":"Income fund","level":5,"score":0.733741283416748},{"id":"https://openalex.org/C2776050585","wikidata":"https://www.wikidata.org/wiki/Q7439360","display_name":"Scrutiny","level":2,"score":0.5287109017372131},{"id":"https://openalex.org/C84355842","wikidata":"https://www.wikidata.org/wiki/Q361863","display_name":"Closed-end fund","level":3,"score":0.5266401767730713},{"id":"https://openalex.org/C11393971","wikidata":"https://www.wikidata.org/wiki/Q6746722","display_name":"Manager of managers fund","level":3,"score":0.49397140741348267},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.48755282163619995},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.4800932705402374},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.474629282951355},{"id":"https://openalex.org/C17738144","wikidata":"https://www.wikidata.org/wiki/Q7685888","display_name":"Target date fund","level":5,"score":0.4668239951133728},{"id":"https://openalex.org/C155301685","wikidata":"https://www.wikidata.org/wiki/Q493177","display_name":"Open-end fund","level":4,"score":0.45825281739234924},{"id":"https://openalex.org/C124932975","wikidata":"https://www.wikidata.org/wiki/Q1061648","display_name":"Sovereign wealth fund","level":3,"score":0.4436039626598358},{"id":"https://openalex.org/C144929662","wikidata":"https://www.wikidata.org/wiki/Q750178","display_name":"Basis point","level":3,"score":0.43277212977409363},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4188289940357208},{"id":"https://openalex.org/C36588987","wikidata":"https://www.wikidata.org/wiki/Q4201895","display_name":"Investment fund","level":3,"score":0.39809197187423706},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3764747083187103},{"id":"https://openalex.org/C55286048","wikidata":"https://www.wikidata.org/wiki/Q5508875","display_name":"Fund administration","level":4,"score":0.375797301530838},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3668922781944275},{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.18052682280540466},{"id":"https://openalex.org/C206757995","wikidata":"https://www.wikidata.org/wiki/Q1665188","display_name":"Institutional investor","level":3,"score":0.1675809919834137},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.121432363986969},{"id":"https://openalex.org/C33842695","wikidata":"https://www.wikidata.org/wiki/Q490513","display_name":"Foreign direct investment","level":2,"score":0.0658610463142395},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"pmh:oai:ink.library.smu.edu.sg:soa_research-1848","doi":null,"is_oa":true,"landing_page_url":"https://ink.library.smu.edu.sg/soa_research/849","pdf_url":null,"source":{"id":"https://openalex.org/S4306401925","display_name":"Singapore Management University Institutional Knowledge (InK) (Singapore Management University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I79891267","host_organization_name":"Singapore Management University","host_organization_lineage":["https://openalex.org/I79891267"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Journal Article"}],"best_oa_location":{"id":"pmh:oai:ink.library.smu.edu.sg:soa_research-1848","doi":null,"is_oa":true,"landing_page_url":"https://ink.library.smu.edu.sg/soa_research/849","pdf_url":null,"source":{"id":"https://openalex.org/S4306401925","display_name":"Singapore Management University Institutional Knowledge (InK) (Singapore Management University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I79891267","host_organization_name":"Singapore Management University","host_organization_lineage":["https://openalex.org/I79891267"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Journal Article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":35,"referenced_works":["https://openalex.org/W1513172979","https://openalex.org/W1988756976","https://openalex.org/W1995834279","https://openalex.org/W2005991431","https://openalex.org/W2033772453","https://openalex.org/W2037408002","https://openalex.org/W2037934447","https://openalex.org/W2048997388","https://openalex.org/W2054358998","https://openalex.org/W2055337889","https://openalex.org/W2090811468","https://openalex.org/W2104795328","https://openalex.org/W2131773668","https://openalex.org/W2136120210","https://openalex.org/W2143173505","https://openalex.org/W2144876393","https://openalex.org/W2165723500","https://openalex.org/W2169786125","https://openalex.org/W2299195693","https://openalex.org/W3022326679","https://openalex.org/W3022353042","https://openalex.org/W3121206834","https://openalex.org/W3121317163","https://openalex.org/W3121645581","https://openalex.org/W3122187992","https://openalex.org/W3122271542","https://openalex.org/W3122625349","https://openalex.org/W3123242051","https://openalex.org/W3124136102","https://openalex.org/W3124277734","https://openalex.org/W3124812144","https://openalex.org/W3124910102","https://openalex.org/W3125742550","https://openalex.org/W4206495155","https://openalex.org/W4231546411"],"related_works":["https://openalex.org/W2160671679","https://openalex.org/W46014849","https://openalex.org/W7056705450","https://openalex.org/W2359488474","https://openalex.org/W3188985395","https://openalex.org/W4246034020","https://openalex.org/W2361983085","https://openalex.org/W1585896267","https://openalex.org/W3122641450","https://openalex.org/W3123902748"],"abstract_inverted_index":{"ABSTRACT":[0],"We":[1,160],"examine":[2,183],"whether":[3],"the":[4,28,45,73,77,86,90,95,108,118,123,131,139,145,168,178,184,204,211,224,231,239],"previously":[5,146],"documented":[6,147],"positive":[7],"association":[8,235],"between":[9],"fund":[10,14,63,70,99,103,114,152,164,196],"family":[11,64,100],"size":[12,65,101,199],"and":[13,32,230,233],"performance":[15,71,176],"is":[16,82],"affected":[17],"by":[18,217],"significant":[19],"regulatory":[20,78,91,132,140,241],"changes":[21],"(i.e.,":[22],"Regulation":[23],"Fair":[24],"Disclosure":[25],"(Reg":[26],"FD),":[27],"Global":[29],"Settlement":[30],"(GS),":[31],"increased":[33],"scrutiny":[34],"as":[35,51,214],"a":[36,52,172],"result":[37],"of":[38,98,112,122,150,186],"trading":[39,169],"scandals)":[40],"that":[41,107,144,163],"have":[42],"occurred":[43],"in":[44,72,85,102,167,174,190,210,223],"last":[46],"decade.":[47],"Using":[48,134],"Reg":[49,228],"FD":[50,229],"beginning":[53],"point":[54],"for":[55],"these":[56],"structural":[57],"changes,":[58,79,141],"we":[59,105,142,182],"find":[60,106,143,162],"that,":[61],"while":[62],"was":[66,154,200],"positively":[67,201],"associated":[68,202],"with":[69,94,203],"period":[74,87,225],"prior":[75,226],"to":[76,89,130,157,194,206,227],"this":[80,234],"advantage":[81,97,193],"significantly":[83,237],"weaker":[84],"subsequent":[88,129],"changes.":[92,133],"Consistent":[93],"weakened":[96,128],"performance,":[104],"greater":[109],"stock\u2010picking":[110],"skill":[111],"larger":[113],"families,":[115],"measured":[116],"using":[117],"earnings":[119],"announcement":[120],"returns":[121],"stocks":[124],"they":[125],"trade,":[126],"also":[127,161],"narrower":[135],"event":[136],"windows":[137],"around":[138],"superior":[148],"return":[149],"large":[151,187,195,220],"families":[153,165],"partly":[155],"attributable":[156],"selective":[158],"disclosure.":[159],"implicated":[166],"scandals":[170],"experienced":[171],"decline":[173],"their":[175],"during":[177],"scandal":[179],"period.":[180],"Finally,":[181],"role":[185],"investment":[188,221],"banks":[189,222],"providing":[191],"an":[192],"families.":[197],"Family":[198],"extent":[205],"which":[207],"funds":[208],"traded":[209],"same":[212],"direction":[213],"forecast":[215],"revisions":[216],"analysts":[218],"from":[219],"GS":[232],"declined":[236],"after":[238],"two":[240],"events.":[242]},"counts_by_year":[{"year":2026,"cited_by_count":6},{"year":2025,"cited_by_count":7},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":7},{"year":2020,"cited_by_count":11},{"year":2019,"cited_by_count":4},{"year":2018,"cited_by_count":11},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":7},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":6},{"year":2013,"cited_by_count":4}],"updated_date":"2026-10-25T09:29:13.331239","created_date":"2021-02-01T00:00:00"}
