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Family Values and the Star Phenomenon
16 references·16 citing·35 second hopsampled
Family Values and the Star Phenomenon (2000)Family Values and the Star PhenomenonMorningstar Ratings and Mutual Fund Performance (2000)Morningstar Ratings and Mutua…The Determinants of Mutual Fund Starts (1999)The Determinants of Mutual Fu…Is Money Smart? A Study of Mutual Fund Investors' Fund Selection Ability (1999)Is Money Smart? A Study of Mu…Costly Search and Mutual Fund Flows (1998)Costly Search and Mutual Fund…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Mutual fund styles (1997)Mutual fund stylesCOGNITIVE DISSONANCE AND MUTUAL FUND INVESTORS (1997)COGNITIVE DISSONANCE AND MUTU…Of Tournaments and Temptations: An Analysis of Managerial Incentives in the Mutual Fund Industry (1996)Of Tournaments and Temptation…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…Aggregate mutual fund flows and security returns (1995)Aggregate mutual fund flows a…The Structure and Performance of the Money Management Industry (1992)The Structure and Performance…Consumer Reaction to Measures of Poor Quality: Evidence from the Mutual Fund Industry (1992)Consumer Reaction to Measures…Efficiency With Costly Information: A Study of Mutual Fund Performance, 1965-1984 (1989)Efficiency With Costly Inform…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Risk, Return, and Equilibrium (1971)Risk, Return, and EquilibriumHerd behaviour & investor sentiment: Evidence from UK mutual funds (2020)Herd behaviour & investor sen…The Strategic Listing Decisions of Hedge Funds (2014)The Strategic Listing Decisio…Performance of Portfolios Composed of British SRI Stocks (2013)Performance of Portfolios Com…Why Do Mutual Fund Advisory Contracts Change? Performance, Growth, and Spillover Effects (2011)Why Do Mutual Fund Advisory C…Mutual Fund Performance: Measurement and Evidence1 (2010)Mutual Fund Performance: Meas…The ABCs of mutual funds: On the introduction of multiple share classes (2009)The ABCs of mutual funds: On …Advertising and Mutual Funds: From Families to Individual Funds (2009)Advertising and Mutual Funds:…Family Matters: Rankings Within Fund Families and Fund Inflows (2007)Family Matters: Rankings With…Madison Avenue Meets Wall Street: Mutual Fund Families, Competition and Advertising (2006)Madison Avenue Meets Wall Str…Fund Families as Delegated Monitors of Money Managers (2005)Fund Families as Delegated Mo…Exit Decisions in the U.S. Mutual Fund Industry (2005)Exit Decisions in the U.S. Mu…Does Skin in the Game Matter? Director Incentives and Governance in the Mutual Fund Industry (2005)Does Skin in the Game Matter?…The Economics of Voluntary Portfolio Disclosure (2004)The Economics of Voluntary Po…Why are some mutual funds closed to new investors? (2003)Why are some mutual funds clo…Flows, Performance, and Managerial Incentives in the Hedge Fund Industry (2003)Flows, Performance, and Manag…Asian Hedge Funds: Return Persistence, Style, and Fund Characteristics (2003)Asian Hedge Funds: Return Per…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The arbitrage theory of capital asset pricing (1976)The Performance of Hedge Funds: Risk, Return, and Incentives (1999)Mutual Fund Flows and Performance in Rational Markets (2002)On the Industry Concentration of Actively Managed Equity Mutual Funds (2005)Do Demand Curves for Stocks Slope Down? (1986)Permanent and Temporary Components of Stock Prices (1988)Investor Sentiment and the Closed-End Fund Puzzle (1991)Investor flows and the assessed performance of open-end mutual funds (1999)Why does IPO volume fluctuate so much? (2002)Short-Term Persistence in Mutual Fund Performance (2004)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Mutual Fund Performance: An Empirical Decomposition into Stock‐Picking Talent, Style, Transactions Costs, and Expenses (2000)Mutual Fund Flows and Performance in Rational Markets (2004)Luck versus Skill in the Cross‐Section of Mutual Fund Returns (2010)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)Rank-Order Tournaments as Optimum Labor Contracts (1979)Rank-Order Tournaments as Optimum Labor Contracts (1981)Prizes and Incentives in Elimination Tournaments (1985)Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization (2004)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)Herding and Feedback Trading by Institutional and Individual Investors (1999)Asset Fire Sales (and Purchases) in Equity Markets (2005)Survivor Bias and Mutual Fund Performance (1996)Global Capital and National Governments (2001)Mutual Fund Attributes and Investor Behavior (2007)A Flow-Based Explanation for Return Predictability (2012)Measuring skill in the mutual fund industry (2015)Multifactor Explanations of Asset Pricing Anomalies (1996)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)Has Financial Development Made the World Riskier? (2005)
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References

  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1998Costly Search and Mutual Fund Flows3,217 cited
  • 1996Another Puzzle: The Growth in Actively Managed Mutual Funds2,093 cited
  • 1995Risk Taking by Mutual Funds as a Response to Incentives1,582 cited
  • 1996Of Tournaments and Temptations: An Analysis of Managerial Incentives in the Mutual Fund Industry1,491 cited
  • 1992Consumer Reaction to Measures of Poor Quality: Evidence from the Mutual Fund Industry1,065 cited
  • 1999Is Money Smart? A Study of Mutual Fund Investors' Fund Selection Ability816 cited
  • 1995Aggregate mutual fund flows and security returns734 cited
  • 1989Efficiency With Costly Information: A Study of Mutual Fund Performance, 1965-1984633 cited
  • 1992The Structure and Performance of the Money Management Industry572 cited
  • 1971Risk, Return, and Equilibrium539 cited
  • 1997COGNITIVE DISSONANCE AND MUTUAL FUND INVESTORS524 cited
  • 1997Mutual fund styles475 cited
  • 1999The Determinants of Mutual Fund Starts230 cited
  • 2000

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Morningstar Ratings and Mutual Fund Performance
228 cited

Cited by

  • 2013Performance of Portfolios Composed of British SRI Stocks109 cited
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  • 2010Mutual Fund Performance: Measurement and Evidence194 cited
  • 2006Madison Avenue Meets Wall Street: Mutual Fund Families, Competition and Advertising94 cited
  • 2005Fund Families as Delegated Monitors of Money Managers81 cited
  • 2005Exit Decisions in the U.S. Mutual Fund Industry75 cited
  • 2011Why Do Mutual Fund Advisory Contracts Change? Performance, Growth, and Spillover Effects75 cited
  • 2020Herd behaviour & investor sentiment: Evidence from UK mutual funds71 cited
  • 2014The Strategic Listing Decisions of Hedge Funds64 cited
  • 2003Asian Hedge Funds: Return Persistence, Style, and Fund Characteristics62 cited
  • 2009Advertising and Mutual Funds: From Families to Individual Funds60 cited
  • 2007Family Matters: Rankings Within Fund Families and Fund Inflows58 cited
  • 2005Does Skin in the Game Matter? Director Incentives and Governance in the Mutual Fund Industry52 cited
  • 2003Why are some mutual funds closed to new investors?52 cited
  • 2003Flows, Performance, and Managerial Incentives in the Hedge Fund Industry50 cited
  • 2004The Economics of Voluntary Portfolio Disclosure50 cited