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This paper empirically investigates the relation between fund size and its performance in UK equity market from 1998 to 2007. The main result is that large funds are found to outperform small funds. There is significant positive size effect for UK Smaller Companies sector and UK Equities Income sector. Macro-market environment tends to play an important role in determining size effect because significant...
In addition to delivering high return to shareholders, enterprises should simultaneously take into account the demands of other stakeholders. Although it may be difficult for enterprises to balance the interests among different interested-related groups, the balancing work can not be neglected. After systematically summarizing the related former classic studies, we put forward hypothesis about the...
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