# kaal:claim:2816408-022

**Claim.** Fund size shows a negative relationship with performance in the months before the March 2012 registration effective date and a positive relationship afterward, with beta coefficients negative in January to March 2012 and July 2012 and positive in April and May 2012.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- monthly linear regressions, December 2011 to December 2012
- entire sample

**Source quote.**

> Examining the beta coefficients, we notice that in the period January - March 2012 and July 2012, beta coefficients are negative, while immediately after the registration effective date, e.g. April-May 2012 the beta coefficient is positive.

**From.** Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, *Did the Dodd-Frank Act Impact Private Fund Performance  – Evidence from 2010 – 2015* (2016), 5.2.1. Linear Regression, page 9

**Cite as.** Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Private Fund Performance  – Evidence from 2010 – 2015 (2016). SSRN: https://ssrn.com/abstract=2816408

**Verify.** sha256 of source PDF `dc3b2f9e60e42ea1b42c2e0062d65569675b014c05fcd30b15ad44d2410b2ce7` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20et%20al.%20-%202016%20-%20Did%20the%20Dodd-Frank%20Act%20Impact%20Private%20Fund%20Performance%20%20%E2%80%93%20Evidence%20from%202010%20%E2%80%93%202015.pdf

**Topics.** securities-law, research-methods

**Keywords.** fund-size, beta-coefficients, registration-effective-date, linear-regression

**Related claims.**

- supersedes: https://wulfkaal.github.io/claims/2389416-017

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.