A First Look at the Accuracy of the CRSP Mutual Fund Database and a Comparison of the CRSP and Morningstar Mutual Fund Databases

This paper examines problems in the CRSP Survivor Bias Free U.S. Mutual Fund Database (CRSP, 1998) and compares returns contained in it to those in Morningstar. The CRSP database has an omission bias that has the same effects as survivorship bias. Although all mutual funds are listed in CRSP, return data is missing for many and the characteristics of these funds differ from the populations.(...)

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Year of publication:	2001-12-01
Authors:	Elton, Edwin J. ; Gruber, Martin ; Blake, Christopher
Publisher:	Salomon Center <New York, NY>
Subject:	Dividende \| dividend \| Investmentfonds \| Daten

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Extent:	78848 bytes 16 p. application/pdf
Series:	NYU Salomon Center for the Study of Financial Institutions - Publications Arbeitspapier - NYU Salomon Center for the Study of Financial Institutions - Asset Management; SC-AM-01-09 THE JOURNAL OF FINANCE • VOL. LVI, NO. 6 • DEC. 2001, 2415-2429
Type of publication:	Book / Working Paper
Language:	English
Classification:	Corporate finance and investment policy. Other aspects ; Individual Working Papers, Preprints ; Individual Articles ; USA
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005846578