Comparing performance sensitivity of retail and institutional mutual funds’ investment flows | Mazur, Mieszko
/5

0 avis

Comparing performance sensitivity of retail and institutional mutual funds’ investment flows

Archive ouverte : Article de revue

Mazur, Mieszko | Salganik-Shoshan, Galla | Zagonov, Maxim

Edité par HAL CCSD ; Elsevier

International audience. In this paper, we examine and compare the form of the flow-performance relationship for U.S. retail and institutional mutual funds. We provide evidence that the convex form of the flow-performance function documented by previous research characterizes mostly the relationship in the upper region of the performance scale. In contrast, the flow-performance relationship for the low-performance region appears to be concave. Furthermore, we document that the observed convexity is more pronounced for retail funds, while the concavity can be mainly attributed to institutional funds.

Consulter en ligne

Suggestions

Du même auteur

Teaming up and quiet intervention: The impact of institutional investors on executive compensation policies | Mazur, Mieszko

Teaming up and quiet intervention: The impact of institutional investors on...

Archive ouverte: Article de revue

Mazur, Mieszko | 2017-09

International audience. In this paper, we investigate whether institutional investors intervene in firms in order to impact their incentive systems. We use metrics based on geographic distance between institutional ...

The effect of executive stock option delta and vega on the spin-off decision | Mazur, Mieszko

The effect of executive stock option delta and vega on the spin-off decisio...

Archive ouverte: Article de revue

Mazur, Mieszko | 2018-11-08

International audience. We investigate the role of CEO incentives around asset restructuring known as corporate spin-off. More specifically, we focus on executive stock option delta and vega vis-à-vis changes in fir...

Proximity and litigation: Evidence from the geographic location of institutional investors | Mazur, Mieszko

Proximity and litigation: Evidence from the geographic location of institut...

Archive ouverte: Article de revue

Mazur, Mieszko | 2018-09

International audience. In this paper, we examine how the geographic distance between a firm and its largest institutional investors affects the firm's litigation risk. We show that geographic proximity between the ...

Du même sujet

« Conciliation vie privée vie professionnelle » : plusieurs termes pour une même réalité ? Proposition de modélisation à travers l’usage français | Verstaevel, N.

« Conciliation vie privée vie professionnelle » : plusieurs termes pour une...

Archive ouverte: Article de revue

Verstaevel, N. | 2020-12-31

The role of the leverage effect in the price discovery process of credit markets | Zimmermann, Paul

The role of the leverage effect in the price discovery process of credit ma...

Archive ouverte: Article de revue

Zimmermann, Paul | 2021-01-31

Combating climate change and controlling energy demand: introduction to the special section. Lutte contre le changement climatique et maîtrise de la demande d’énergie : introduction au dossier thématique | Aubrée, Loïc

Combating climate change and controlling energy demand: introduction to the...

Archive ouverte: Article de revue

Aubrée, Loïc | 2017-07-28

International audience

New indices to characterize drawing behavior in humans (Homo sapiens) and chimpanzees (Pan troglodytes). New indices to characterize drawing behavior in humans (Homo sapiens) and chimpanzees (Pan troglodytes): An innovative analysis to understand drawing behavior | Martinet, Lison

New indices to characterize drawing behavior in humans (Homo sapiens) and c...

Archive ouverte: Article de revue

Martinet, Lison | 2021

International audience

Uncovering the dark side of gamification at work: Impacts on engagement and well-being | Hammedi, Wafa

Uncovering the dark side of gamification at work: Impacts on engagement and...

Archive ouverte: Article de revue

Hammedi, Wafa | 2021-01-31

Liquidity events and VC-backed academic spin-offs: The role of search alliances | Bruneel, Johan

Liquidity events and VC-backed academic spin-offs: The role of search allia...

Archive ouverte: Article de revue

Bruneel, Johan | 2020-12-31

International audience

Chargement des enrichissements...