کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5089911 1375610 2012 22 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The flow-performance relationship around the world
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The flow-performance relationship around the world
چکیده انگلیسی
► We study how mutual fund flows depend on past performance across 28 countries. ► We find marked differences in the flow-performance relationship across countries. ► Investors sell losers more and buy winners less in more developed countries. ► Investors' sophistication and participation costs explain differences in convexity. ► Country-level convexity is positively associated with risk taking by fund managers.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 36, Issue 6, June 2012, Pages 1759-1780
نویسندگان
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