SEISENSE Journal of Management https://journal.seisense.com/index.php/jom <p style="text-align: justify;">SEISENSE Journal of Management (SJOM) is online, open access and Refereed journal committed to publish scholarly empirical and theoretical research articles that have a high impact on the management field as a whole. The SJOM covers domains such as</p> <ul> <li class="show">Business strategy &amp; policy</li> <li class="show">Organizational behavior</li> <li class="show">Human resource management</li> <li class="show">Organizational theory</li> <li class="show">Entrepreneurship</li> <li class="show">Innovation and Technology Management</li> <li class="show">Tourism Management</li> <li class="show">Business Finance</li> </ul> SEISENSE (PRIVATE) LIMITED en-US SEISENSE Journal of Management 2617-5770 Scale and Skill in Mutual Fund Management: Evidence from Norway https://journal.seisense.com/index.php/jom/article/view/351 <p>Using a sample free of survivorship bias and several risk-adjusted performance benchmarks to identify effects of scale on mutual fund performance in the Norwegian market, I find mixed evidence that both large and small funds underperform as against the middle-sized funds in the period 2005-2018. Controlling for relevant factors in panel data regressions, I find that, on average, performance worsens with an increase in size while giving support to initial findings of nonlinearity. The relationship is most robust after 2013 and seems to be affected by competition in the market as well as fund inflows. I do not find any empirical evidence to support the liquidity hypothesis.</p> Markus Snøve Høiberg Copyright (c) 2020 Markus Snøve Høiberg https://creativecommons.org/licenses/by/4.0 2020-06-01 2020-06-01 3 4 1 20 10.33215/sjom.v3i4.351