Showing 1 - 10 of 89
family characteristics as well as manager characteristics. Additionally, teams exhibit a lower active share and lower risk …
Persistent link: https://www.econbiz.de/10009524811
This paper examines the influence of the position of a fund within its family on its subsequent net-inflows. Our … empirical study of the US equity mutual fund market shows that reaching a top position within the family leads to large inflows … moves into the top positions within its family from one year to another. These results lead to competition within the fund …
Persistent link: https://www.econbiz.de/10009524827
Persistent link: https://www.econbiz.de/10012039970
Persistent link: https://www.econbiz.de/10001759358
Persistent link: https://www.econbiz.de/10001877726
Persistent link: https://www.econbiz.de/10003842616
We examine the extent of the Status Quo Bias (SQB) in a real-world repeated decision situation. Individuals who are subject to a SQB tend to choose an alternative that was chosen previously (i.e. their status quo), even if it is not the optimal choice any more. We examine the US equity mutual...
Persistent link: https://www.econbiz.de/10009524814
Persistent link: https://www.econbiz.de/10003246588
Persistent link: https://www.econbiz.de/10003416630
We examine overconfidence among equity mutual fund managers. While overconfidence has been extensively documented among retail investors, evidence from professional investors is scarce. Consistent with theories of overconfidence, we find that fund managers trade more after good past performance....
Persistent link: https://www.econbiz.de/10003783625