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Gross Profitability and Mutual Fund Performance

Kenchington, David G. - 2019

We find that mutual funds holding a larger concentration of high gross profitability stocks generate better future … performance. The outperformance of these funds is not driven by a profitability-related risk premium and is not a byproduct of … profitability anomaly possess greater skill and create value by attracting future fund inflows and by growing fund assets under …

Persistent link: https://www.econbiz.de/10012870512

Mutual Fund Trading Pressure : Firm-Level Stock Price Impact and Timing of SEOs

Khan, Mozaffar - 2013

We use price pressure resulting from purchases by mutual funds with large capital inflows to identify overvalued equity. This is a relatively exogenous overvaluation indicator as it is associated with who is buying, buyers with excess liquidity, rather than what is being purchased. We document...

Persistent link: https://www.econbiz.de/10013092698

Actively managed funds and earnings news : evidence from trade-level data

Lee, Charles M. C.; Zhu, Christina - 2018 - Current Draft: September 2018

We use trade-level data to examine the role of actively managed funds (AMFs) in earnings news dissemination. We find AMFs are drawn to, and participate disproportionately more in, earnings announcements (EAs) that include bundled managerial guidance. When the two pieces of news are directionally...

Persistent link: https://www.econbiz.de/10011980295

ESG or Profitability? What ESG Mutual Funds Really Care About Most

Fan, Yi; Gao, Yang - 2022

-off between profitability and sustainability preferences when investing in environmental, social and governance (ESG). We explore …

Persistent link: https://www.econbiz.de/10014235885

Informed trading around earnings and mutual fund alphas

Cai, Yu; Lau, Sie-ting - In: Journal of banking & finance 60 (2015), pp. 168-180

Persistent link: https://www.econbiz.de/10011544996

Investment and profitability factors in mutual fund performance evaluation : a conditional approach

Leite, Paulo; Cortez, Maria Ceu - In: Applied economics letters 27 (2020) 16, pp. 1312-1315

Persistent link: https://www.econbiz.de/10012267128

A reexamination of the tendering profit anomaly

Kadapakkam, Palani-Rajan; Zhang, Hongxian; Yildirim, Sinan - In: Review of quantitative finance and accounting 56 (2021) 4, pp. 1475-1501

Persistent link: https://www.econbiz.de/10012549862

Gross profitability and mutual fund performance

Kenchington, David; Wan, Chi; Yüksel, H. Zafer - In: Journal of banking & finance 104 (2019), pp. 31-49

Persistent link: https://www.econbiz.de/10012163782

Management Earnings Forecasts during Price Pressure : Evidence from Mutual Fund Trades

Kadach, Igor - 2017

Does a company's stock mispricing influence its decision to issue an earnings forecast? Does executive compensation affect the nature of the forecast? How does the market react to these forecasts? I address these questions using cross-sectional and time-series variation in stock mispricing...

Persistent link: https://www.econbiz.de/10012968996

Measuring Mutual Fund Flow Pressure As Shock to Stock Returns

Wardlaw, Malcolm - 2020

A large and rapidly growing literature examines the impact of misvaluation on firm policies by using mutual fund outflow-induced price pressure to isolate non-fundamental price variation. I demonstrate that the standard approach to computing outflow-induced price pressure produces a measure that...

Persistent link: https://www.econbiz.de/10012851373

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