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Cultural Dimensions, Collective Values and their Importance for Institutions

Klasing, Mariko J. - 2013

This paper critically assesses the role of culture in determining the quality of institutions. Employing various … measures of cultural diff erences, I find that only diff erences related to the degree of individualism in society and the … firmed in instrumental variables regressions where a novel instruments for culture based on a weighted average of the …

Persistent link: https://www.econbiz.de/10014186936

Deep historical roots, culture choice and the "New World Order"

Miller, Marcus - 2022

Persistent link: https://www.econbiz.de/10013263405

Information Immobility, Industry Concentration, and Institutional Investors’ Performance

Fedenia, Mark - 2012

This paper examines institutions' portfolio allocation and performance in US securities. We test how information immobility, proxied by market correlation and cultural and geographical distance between the investors' home markets and the US, influences portfolio strategies. Consistent with...

Persistent link: https://www.econbiz.de/10013114040

Information Immobility, Industry Concentration, and Institutional Investors’ Performance

Fedenia, Mark - 2012

This paper examines foreign institutional investors' portfolio allocation and performance in U.S. securities. We test how information immobility, proxied by cultural and geographical distance between the investors' home markets and the U.S., influences portfolio strategies. Consistent with...

Persistent link: https://www.econbiz.de/10013105659

Time Varying Risk Aversion, Familiarity Bias, and Portfolio Concentration During Market Uncertainty

Skiba, Hilla - 2013

language, culture, and geographical distance become more significant drivers of equity allocation …

Persistent link: https://www.econbiz.de/10013083023

Information immobility, industry concentration, and institutional investors' performance

Fedenia, Mark; Shaffer, Sherrill; Skiba, Hilla - Crawford School of Public Policy, Australian National … - 2012

This paper examines foreign institutional investors' portfolio allocation and performance in US securities. We test how information immobility, proxied by cultural and geographical distance between the investors' home markets and the US, influences portfolio strategies. Consistent with...

Persistent link: https://www.econbiz.de/10011201642

National culture and saving : how collectivism, uncertainty avoidance, and future orientation play roles

Narapong Srivisal; Kanyarat Lek Sanoran; Kanix Bukkavesa - In: Global finance journal 50 (2021), pp. 1-11

Persistent link: https://www.econbiz.de/10013365688

Do Firm Characteristics Influence Mutual Fund Performance? An Empirical Study for European Mutual Funds

de Jong, Frank; Wingens, Loes - In: Journal of Financial Perspectives 1 (2013) 1, pp. 159-168

This study investigates the influence of fund management firm characteristics on mutual fund performance. Using a sample of European-domiciled open-end equity funds for the period 1998-2008, this study finds that the funds of private companies have performed better than the funds of public...

Persistent link: https://www.econbiz.de/10010840130

Economists’ hubris — the case of equity asset management

Shojai, Shahin; Feiger, George; Kumar, Rajesh - In: Journal of Financial Transformation 29 (2010), pp. 9-16

In this, the fourth article in the economists’ hubris paper series, we look at the contributions of academic thought to the field of asset management. We find that while the theoretical aspects of the modern portfolio theory are valuable, they offer little insight into how the asset management...

Persistent link: https://www.econbiz.de/10008498526

Emerging Markets and Entry by Actively Managed Funds

Guembel, Alexander - Department of Economics, Oxford University - 2001

This paper investigates the incentives of investors to set up an actively managed fund in an emerging market or asset class. The analysis highlights the role of agency problems between fund managers and investors in determining this entry decision. It is shown that investors may wish to set up a...

Persistent link: https://www.econbiz.de/10010661424