Size and Performance: Evidence on Brazilian Multimarket Funds

1
Rodrigo Fernandes Malaquias
Rodrigo Fernandes Malaquias
2
Lucas Alves Duarte De Sarvas
Lucas Alves Duarte De Sarvas
3
Lynnea Naves Souza Oliveira
Lynnea Naves Souza Oliveira
1 Universidade Federal de UberlAndia

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GJMBR Volume 16 Issue C9

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This study aims to evaluate the effect of size on performance of Brazilian multimarket funds. The final sample is comprised by 231 funds covering 7,997 monthly observations in the period from January, 2009 to March, 2014. We employed multivariate regression analysis, with pooled data. Our research model also includes the following control variables: management fee, performance fee, and age. The main results show that size represents an important variable to address performance of investment funds in Brazil, and there are arguments about an optimal size for funds that operate in this market.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

Rodrigo Fernandes Malaquias. 2017. \u201cSize and Performance: Evidence on Brazilian Multimarket Funds\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 16 (GJMBR Volume 16 Issue C9): .

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GJMBR Volume 16 Issue C9
Pg. 31- 35
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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-C Classification: JEL Code: D53
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January 26, 2017

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English

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This study aims to evaluate the effect of size on performance of Brazilian multimarket funds. The final sample is comprised by 231 funds covering 7,997 monthly observations in the period from January, 2009 to March, 2014. We employed multivariate regression analysis, with pooled data. Our research model also includes the following control variables: management fee, performance fee, and age. The main results show that size represents an important variable to address performance of investment funds in Brazil, and there are arguments about an optimal size for funds that operate in this market.

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Size and Performance: Evidence on Brazilian Multimarket Funds

Rodrigo Fernandes Malaquias
Rodrigo Fernandes Malaquias Universidade Federal de UberlAndia
Lucas Alves Duarte De Sarvas
Lucas Alves Duarte De Sarvas
Lynnea Naves Souza Oliveira
Lynnea Naves Souza Oliveira

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