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Tivadar Zakár

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Open access Aug 2026

Costs, Growth and Performance Persistence in Hungarian Equity Mutual Funds: A Quantile Panel Analysis

The value-creation capacity of active asset management remains one of the most debated issues within modern portfolio theory. While the relationship between costs and performance is typically negative in developed markets, in smaller and less liquid markets—where information asymmetry is more pronounced—higher fees may...

László Vancsura, Tibor Tatay, Tivadar Zakár et al. · 0 citations

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