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- W2793214595 abstract "It is commonly believed that active funds perform better than indices in the small-cap market because of that market9s relative inefficiency. In this article, we show that two issues—measurement techniques and benchmark selection—significantly affect any evaluation of active-management performance in small-caps. Specifically, we argue that correcting for survivorship bias, using asset-weighted fund returns, and substituting the S&P SmallCap 600 for the Russell 2000 as a benchmark paints a far less rosy picture of active management in small-caps than is commonly believed." @default.
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- W2793214595 date "2003-03-20" @default.
- W2793214595 modified "2023-09-28" @default.
- W2793214595 title "Does Active Management Work for Small-Cap Stocks?: Impact of Measurement Techniques and Benchmark Selection" @default.
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