Narrow search
Showing 71 - 80 of 4,489
Cover Image
Purchase and redemption decisions of mutual fund investors and the role of fund families
Jank, Stephan; Wedow, Michael - 2010
fund families show higher sales and redemption rates. Further family size also affects the flow-performance relationship …: Investors in large families punish bad performance more. Last, we find that inner family rankings play an important part for … redemptions, with investors strongly redeeming their shares from intra-family losers. -- Mutual Funds ; Fund Family ; Flow …
Persistent link: https://www.econbiz.de/10008666514
Cover Image
The influence of buy-side analysts on mutual fund trading
Frey, Stefan; Herbst, Patrick - 2010
We present evidence of the impact of buy-side analysts on the behavior and performance of fund managers. Using data provided by a large global asset manager, we relate buy-side analysts' recommendations to fund transactions on a daily basis. Our results show that buy-side analysts have a...
Persistent link: https://www.econbiz.de/10008666522
Cover Image
Obfuscation, learning, and the evolution of investor sophistication
Carlin, Bruce Ian; Manso, Gustavo - 2009
We develop a dynamic model to study the interaction between obfuscation and investor sophistication in retail financial markets. Taking into account different learning mechanisms within the investor population, we characterize the optimal timing of obfuscation for a profit-maximizing monopolist....
Persistent link: https://www.econbiz.de/10003971343
Cover Image
Unexploited gains from international diversification : patterns of portfolio holdings around the world
Didier, Tatiana; Rigobón, Roberto; Schmukler, Sergio L. - 2011
Persistent link: https://www.econbiz.de/10008901530
Cover Image
Are there disadvantaged clienteles in mutual funds?
Jank, Stephan - 2011
This paper studies the flow-performance relationship of three different investor groups in mutual funds: Households, financial corporations, and insurance companies and pension funds, establishing the following findings: Financial corporations have a strong tendency to chase past performance and...
Persistent link: https://www.econbiz.de/10008902928
Cover Image
The relation of the disposition effect to mutual fund trades and performance
Cici, Gjergji - 2011
We document that, on average, U.S. equity mutual funds prefer realizing capital losses rather than capital gains. A substantial fraction of the sample, however, exhibits the opposite tendency of realizing gains more readily than losses. The documented tendency for this subset appears to be due...
Persistent link: https://www.econbiz.de/10008904694
Cover Image
Time-varying incentives in the mutal fund industry
Olivier, Jacques - 2009
Persistent link: https://www.econbiz.de/10003953000
Cover Image
Measuring the impact of behavioral traders in the market for closed-end country funds from 2001 to 2009
Kelly, Hugh; Evans, Tom - 2009
Persistent link: https://www.econbiz.de/10003955723
Cover Image
The behavior of intoxicated investors : the role of institutional investors in propagating the crisis of 2007 - 2008
Manconi, Alberto; Massa, Massimo; Yasuda, Ayako - 2010
"Using a novel data of institutional investors' bond holdings, we examine a transmission of the crisis of 2007-2008 from the securitized bond market to the corporate bond market via joint ownership of these bonds by investors. We posit that, ceteris paribus, corporate bonds held by investors...
Persistent link: https://www.econbiz.de/10003991035
Cover Image
The effect of education on equity holdings
Hryshko, Dmytro; Luengo-Prado, Maria José; Sørensen, … - 2010
Persistent link: https://www.econbiz.de/10003993992