Ferruz Agudo, Luis; Ortiz, Cristina; Sarto, José Luis - In: Applied financial economics 19 (2009) 16/18, pp. 1295-1304
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...
