Ferreira, Miguel A.; Keswani, Aneel; Miguel, Antonio F.; … - In: Journal of Banking & Finance 36 (2012) 6, pp. 1759-1780
We use a new dataset to study how mutual fund flows depend on past performance across 28 countries. We show that there are marked differences in the flow-performance relationship across countries, suggesting that US findings concerning its shape do not apply universally. We find that mutual fund...