SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
Return Persistence and Fund Flows in the Worst Performing Mutual Funds
16 references·13 citing·25 second hopsampled
Return Persistence and Fund Flows in the Worst Performing Mutual Funds (2007)Return Persistence and Fund Flows in the …Mutual Fund Flows and Performance in Rational Markets (2004)Mutual Fund Flows and Perform…Mutual Fund Herding and the Impact on Stock Prices (1999)Mutual Fund Herding and the I…Costly Search and Mutual Fund Flows (1998)Costly Search and Mutual Fund…Risk Taking by Mutual Funds as a Response to Incentives (1997)Risk Taking by Mutual Funds a…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…The Persistence of Risk-Adjusted Mutual Fund Performance (1996)The Persistence of Risk-Adjus…Another Puzzle: The Growth in Actively Managed Mutual Funds (1996)Another Puzzle: The Growth in…Risk Taking by Mutual Funds as a Response to Incentives (1995)Risk Taking by Mutual Funds a…Returns from Investing in Equity Mutual Funds 1971 to 1991 (1995)Returns from Investing in Equ…Performance Persistence (1995)Performance PersistenceReturns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Returns to Buying Winners and…Hot Hands in Mutual Funds: Short-Run Persistence of Relative Performance, 1974-1988 (1993)Hot Hands in Mutual Funds: Sh…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…The Persistence of Mutual Fund Performance (1992)The Persistence of Mutual Fun…Survivorship Bias in Performance Studies (1992)Survivorship Bias in Performa…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Common Fund Flows: Flow Hedging and Factor Pricing (2022)Common Fund Flows: Flow Hedgi…Investor Attrition and Fund Flows in Mutual Funds (2017)Investor Attrition and Fund F…Institutional Investor Expectations, Manager Performance, and Fund Flows (2017)Institutional Investor Expect…Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds (2016)Managerial Rents vs. Sharehol…Share Restrictions and Investor Flows in the Hedge Fund Industry (2015)Share Restrictions and Invest…Investor Flows to Asset Managers: Causes and Consequences (2014)Investor Flows to Asset Manag…Investor Inattention: A Hidden Cost of Choice in Pension Plans? (2013)Investor Inattention: A Hidde…Measuring Skill in the Mutual Fund Industry (2012)Measuring Skill in the Mutual…Measuring Managerial Skill in the Mutual Fund Industry (2012)Measuring Managerial Skill in…Investors Do Respond to Poor Mutual Fund Performance: Evidence from Inflows and Outflows (2012)Investors Do Respond to Poor …Managing mutual funds or managing expense ratios? Evidence from the Greek fund industry (2009)Managing mutual funds or mana…Testing for persistence in mutual fund performance and the ex-post verification problem: evidence from the Greek market (2008)Testing for persistence in mu…A Portrait of Hedge Fund Investors: Flows, Performance and Smart Money (2008)A Portrait of Hedge Fund Inve…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The effect of bonus schemes on accounting decisions (1985)Aggregation and Linearity in the Provision of Intertemporal Incentives (1987)Managerial Incentive Problems: A Dynamic Perspective (1999)The Geography of Investment: Informed Trading and Asset Prices (2001)Asset Fire Sales (and Purchases) in Equity Markets (2005)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Does the Stock Market Overreact? (1985)Multifactor Explanations of Asset Pricing Anomalies (1996)Investor Psychology and Security Market Under‐ and Overreactions (1998)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)Herding and Feedback Trading by Institutional and Individual Investors (1999)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Measuring Fund Strategy and Performance in Changing Economic Conditions (1996)Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization (2004)Herd Behavior and Investment (1988)Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Institutional Investors and Equity Prices (2001)Mutual Fund Performance: An Empirical Decomposition into Stock‐Picking Talent, Style, Transactions Costs, and Expenses (2000)Luck versus Skill in the Cross‐Section of Mutual Fund Returns (2010)How Active Is Your Fund Manager? A New Measure That Predicts Performance (2009)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1993Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency11,575 cited
  • 1998Costly Search and Mutual Fund Flows3,217 cited
  • 1997Risk Taking by Mutual Funds as a Response to Incentives2,295 cited
  • 1996Another Puzzle: The Growth in Actively Managed Mutual Funds2,093 cited
  • 2004Mutual Fund Flows and Performance in Rational Markets2,082 cited
  • 1995Returns from Investing in Equity Mutual Funds 1971 to 19911,745 cited
  • 1999Mutual Fund Herding and the Impact on Stock Prices1,730 cited
  • 1995Risk Taking by Mutual Funds as a Response to Incentives1,582 cited
  • 1993Hot Hands in Mutual Funds: Short-Run Persistence of Relative Performance, 1974-19881,219 cited
  • 1992Survivorship Bias in Performance Studies1,118 cited
  • 1992The Persistence of Mutual Fund Performance1,040 cited
  • 1995Performance Persistence946 cited
  • 1996The Persistence of Risk-Adjusted Mutual Fund Performance

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

838 cited

Cited by

  • 2008A Portrait of Hedge Fund Investors: Flows, Performance and Smart Money91 cited
  • 2012Measuring Managerial Skill in the Mutual Fund Industry86 cited
  • 2015Share Restrictions and Investor Flows in the Hedge Fund Industry82 cited
  • 2014Investor Flows to Asset Managers: Causes and Consequences78 cited
  • 2012Measuring Skill in the Mutual Fund Industry51 cited
  • 2012Investors Do Respond to Poor Mutual Fund Performance: Evidence from Inflows and Outflows45 cited
  • 2022Common Fund Flows: Flow Hedging and Factor Pricing43 cited
  • 2013Investor Inattention: A Hidden Cost of Choice in Pension Plans?41 cited
  • 2009Managing mutual funds or managing expense ratios? Evidence from the Greek fund industry37 cited
  • 2017Institutional Investor Expectations, Manager Performance, and Fund Flows37 cited
  • 2016Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds30 cited
  • 2008Testing for persistence in mutual fund performance and the ex-post verification problem: evidence from the Greek market29 cited
  • 2017Investor Attrition and Fund Flows in Mutual Funds28 cited