The present study examines a series of performance measures as an attempt to resolve the ex post verification problem. These measures are employed to test the performance persistence hypothesis of domestic equity funds in Greece, during the period 1998-2004. Correctly adjusting for risk factors...

This study examines the expenses' policy of the domestic equity funds in a small emerging market, Greece, with an oligopolistic, bank dominated financial system as it grows to maturity. Constructing a unique dataset of the non-publicly available expense ratios charged by these funds, we examine...