Mark M. Carhart
University of Southern California
1 paper in the Anchorcite directory, published in 1997, cited 17,258 times in total.
Research topics
- Corporate Finance and Governance · 1 paper
- Financial Markets and Investment Strategies · 1 paper
- Auditing, Earnings Management, Governance · 1 paper
Papers
- On Persistence in Mutual Fund PerformanceThe Journal of Finance · 1997 · 17,258 citations
ABSTRACT Using a sample free of survivor bias, I demonstrate that common factors in stock returns and investment expenses almost completely explain persistence in equity mutual funds' mean and risk‐adjusted returns. Hendricks, Patel and Zeckhauser's (1993) “hot hands” result is…
Metadata from OpenAlex (CC0).