Journal article
Empirical study of the tails of mutual fund size.
- Abstract:
-
The mutual fund industry manages about a quarter of the assets in the U.S. stock market and thus plays an important role in the U.S. economy. The question of how much control is concentrated in the hands of the largest players is best quantitatively discussed in terms of the tail behavior of the mutual fund size distribution. We study the distribution empirically and show that the tail is much better described by a log-normal than a power law, indicating less concentration than, for example, ...
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- Publication status:
- Published
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- Publisher copy:
- 10.1103/physreve.81.066113
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Bibliographic Details
- Journal:
- Physical review. E, Statistical, nonlinear, and soft matter physics
- Volume:
- 81
- Issue:
- 6 Pt 2
- Pages:
- 066113
- Publication date:
- 2010-06-01
- DOI:
- EISSN:
-
1550-2376
- ISSN:
-
1539-3755
- Source identifiers:
-
388913
Item Description
- Language:
- English
- Pubs id:
-
pubs:388913
- UUID:
-
uuid:ed0a94cb-c2d3-461a-9710-7a92dda00d12
- Local pid:
- pubs:388913
- Deposit date:
- 2013-11-16
Terms of use
- Copyright date:
- 2010
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