How Much Does Size Erode Mutual Fund Performance? A Regression Discontinuity Approach
---- Acknowledgements -----
We thank Jonathan Berk, Joe Chen, Edie Hotchkiss, Jeffrey Pontiff, Phil Strahan, and participants at the 2009 Financial Research Association annual meeting for helpful comments. Any remaining errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.