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Investors' expectations, management fees and the underperformance of mutual funds

Huesler, Andreas D.; Malevergne, Yannick; Sornette, Didier - In: International Journal of Portfolio Analysis and Management 1 (2014) 4, pp. 345-379

Persistent link: https://www.econbiz.de/10010472812

Time-Varying Loss Aversion of Mutual Fund Managers as a Response to Incentives

Liu, Liyuan; Pantelous, Athanasios A.; Xie, Yuxin; Zheng, Lu - 2022

Using detailed mutual fund holdings in the US market, we estimate active mutual fund managers’ loss aversion as a …. We further find managers' loss aversion is higher when past fund flows were high and lower when past fund flows were … that managers compete for greater inflows strategically while exhibiting self-interested choices …

Persistent link: https://www.econbiz.de/10014245005

Stock investment and excess returns : a critical review in the light of the efficient market hypothesis

Qianwei, Ying; Yousaf, Tahir; Ul Ain, Qurat; Akhtar, Yasmeen - In: Journal of risk and financial management : JRFM 12 (2019) 2/97, pp. 1-22

The expansion of investment strategies and capital markets is altering the significance and empirical rationality of the Efficient Market Hypothesis. The vitality of capital markets is essential for efficiency research. The authors explore here the development and contemporary status of the...

Persistent link: https://www.econbiz.de/10012022012

Momentum crashes

Daniel, Kent; Moskowitz, Tobias J. - In: Journal of financial economics 122 (2016) 2, pp. 221-247

Persistent link: https://www.econbiz.de/10011590901

Flight-to-liquidity, market uncertainty, and the actions of mutual fund investors

Ben-Rephael, Azi - In: Journal of financial intermediation 31 (2017), pp. 30-44

Persistent link: https://www.econbiz.de/10011822426

Labor income risk and the reluctance of households to invest in risky financial assets : a panel data analysis

Becker, Gideon; Dimpfl, Thomas - 2014

We investigate the determinants of a household's decision on whether to invest in risky financial assets. Financial theory suggests that with increasing labor income risk, the reluctance of households to hold stocks increases. We propose to measure income risk as the observed variation of...

Persistent link: https://www.econbiz.de/10010350417