Acknowledgments: This study was supported by IREC, The Institute of Finance and Banking, Seoul National University. We thank Zeroin for providing data for this study. We are also grateful to Inseok Shin, Kwangsoo Kho, Woojin Kim, Sungwook Joh, Changsoo Hur, Seoungju Moon, Daniel Thornton, Giorgio Valente and other participants of the 6th International Conference on Asia-Pacific Financial Markets (CAFM 2011), the Finance Workshop at Seoul National University, the 2011 joint seminar of five Korean finance associations, and the 2012 IREC symposium, who provided valuable comments. An early draft (written in Korean) of this article was awarded the best paper prize at the 2011 joint seminar of five Korean finance associations.
Fund Size and Performance in a Market Crowded with Many Small Funds†
Article first published online: 18 APR 2013
© 2013 Korean Securities Association
Asia-Pacific Journal of Financial Studies
Special Issue: Emerging Market Finance: Firms, Markets and Governance in the Global Economy
Volume 42, Issue 2, pages 340–372, April 2013
How to Cite
Ban, J. and Choe, H. (2013), Fund Size and Performance in a Market Crowded with Many Small Funds. Asia-Pacific Journal of Financial Studies, 42: 340–372. doi: 10.1111/ajfs.12017
- Issue published online: 18 APR 2013
- Article first published online: 18 APR 2013
- Manuscript Accepted: 27 DEC 2012
- Manuscript Received: 31 AUG 2012
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