Eliminating Biases in Evaluating Mutual Fund Performance from a Survivorship Free Sample

Author: Jenke Horst et al

"Poor performing mutual funds are less likely to be observed in the data sets that are typically provided by data providers. This so-called survivor problem can induce a substantial bias in measures of the performance of the funds and the persistence of this performance. Many studies have recently argued that survivorship bias can be avoided by analyzing a sample that contains returns on each fund up to the period of disappearance using standard techniques.."



Financial support by the Netherlands Organization for Scientific Research
Source: https://pure.uvt.nl/portal/files/1254664/HJRN...

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