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Lim, G. C., Maasoumi, E., & Martin, V. L. (2006). Reexamination of the Equity Premium Puzzle: A Robust Nonparametric Approach. North American Journal of Economics and Finance, 17, 173-189.
https://doi.org/10.1016/j.najef.2006.01.002

has been cited by the following article:

• TITLE: Mutual Fund Management Fees and Returns: A Stochastic Dominance Analysis

  AUTHORS: Ayfer Gurun

  KEYWORDS: Stochastic Dominance, Mutual Fund Performance

  JOURNAL NAME: Theoretical Economics Letters, Vol.13 No.6, December 19, 2023

  ABSTRACT: Using stochastic dominance approach of Lim, Maasouimi, and Martin (2006) and Linton, Maasoumi, and Whang (2005), I find that mutual funds with low management fees, regardless of the growth or value strategy they follow, stochastically dominate the S&P500 index. High fee funds, on the other hand, fail to stochastically dominate the S&P500 index. Collectively, these results suggest that the historical performance of mutual fund managers may not entirely align with the higher fees they typically charge.