Decisions of domestic equity fund investors: determinants and search costs
In the present study, we confirm the asymmetry of the performance-flow relationship documented in the literature, but with the particularities of the sample of Spanish funds. Thus, we conclude that mid-performers show no significant influence on investor decisions. The panel data analysis also allows us to conclude that custodial and management fees and the size of the fund have a negative impact on the flows into funds. Empirical evidence is provided on the differential response of investors to the decision factors depending on the market states.
Year of publication: |
2009
|
---|---|
Authors: | Ferruz, Luis ; Ortiz, Cristina ; Sarto, Jose |
Published in: |
Applied Financial Economics. - Taylor & Francis Journals, ISSN 0960-3107. - Vol. 19.2009, 16, p. 1295-1304
|
Publisher: |
Taylor & Francis Journals |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Decisions of domestic equity fund investors: determinants and search costs
Ferruz, Luis, (2009)
-
Decisions of domestic equity fund investors: determinants and search costs
Ferruz, Luis, (2009)
-
Decisions of domestic equity fund investors : determinants and search costs
Ferruz Agudo, Luis, (2009)
- More ...