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Attracting Flows by Attracting Big Clients
16 references·16 citing·34 second hopsampled
Attracting Flows by Attracting Big Clients (2009)Attracting Flows by Attracting Big ClientsPerformance evaluation and self-designated benchmark indexes in the mutual fund industry (2009)Performance evaluation and se…Offering versus Choice in 401(k) Plans: Equity Exposure and Number of Funds (2006)Offering versus Choice in 401…Favoritism in Mutual Fund Families? Evidence on Strategic Cross‐Fund Subsidization (2006)Favoritism in Mutual Fund Fam…Business ties and proxy voting by mutual funds (2005)Business ties and proxy votin…Investing in equity mutual funds (2002)Investing in equity mutual fu…Career Concerns of Mutual Fund Managers (1999)Career Concerns of Mutual Fun…Costly Search and Mutual Fund Flows (1998)Costly Search and Mutual Fund…Career Concerns of Mutual Fund Managers (1998)Career Concerns of Mutual Fun…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…Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Measuring Mutual Fund Perform…COGNITIVE 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…Risk Taking by Mutual Funds as a Response to Incentives (1995)Risk Taking by Mutual Funds a…The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Institutional Investors and Corporate Governance (2021)Institutional Investors and C…Network-Induced Agency Conflicts in Delegated Portfolio Management (2020)Network-Induced Agency Confli…Institutional Investors and Corporate Governance (2020)Institutional Investors and C…Cost saving and the freezing of corporate pension plans (2020)Cost saving and the freezing …I can see clearly now: The impact of disclosure requirements on 401(k) fees (2019)I can see clearly now: The im…Destabilizing Financial Advice: Evidence from Pension Fund Reallocations (2018)Destabilizing Financial Advic…Free-Riders and Underdogs: Participation in Corporate Voting (2017)Free-Riders and Underdogs: Pa…It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans (2016)It Pays to Set the Menu: Mutu…Target Date Funds: Characteristics and Performance (2015)Target Date Funds: Characteri…Investor Flows to Asset Managers: Causes and Consequences (2014)Investor Flows to Asset Manag…It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans (2013)It Pays to Set the Menu: Mutu…Investor Inattention: A Hidden Cost of Choice in Pension Plans? (2013)Investor Inattention: A Hidde…Price Support by Bank-Affiliated Mutual Funds (2012)Price Support by Bank-Affilia…Investor behavior in the mutual fund industry: evidence from gross flows (2012)Investor behavior in the mutu…Business Ties and Information Advantage: Evidence from Mutual Fund Trading (2012)Business Ties and Information…Managerial Multitasking in the Mutual Fund Industry (2011)Managerial Multitasking in th…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)Mutual Fund Flows and Performance in Rational Markets (2004)Asset Fire Sales (and Purchases) in Equity Markets (2005)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)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)Mutual Fund Flows and Performance in Rational Markets (2002)Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization (2004)On the Industry Concentration of Actively Managed Equity Mutual Funds (2005)Common risk factors in the returns on stocks and bonds (1993)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)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)Herding and Feedback Trading by Institutional and Individual Investors (1999)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Agency Problems and the Theory of the Firm (1980)Outside directors and CEO turnover (1988)Middle‐Status Conformity: Theoretical Restatement and Empirical Demonstration in Two Markets (2001)Money Doctors (2014)Capital markets research in accounting (2001)The Cross‐Section of Volatility and Expected Returns (2006)In Search of Attention (2011)Has Financial Development Made the World Riskier? (2005)Herd Behaviour and Cascading in Capital Markets: a Review and Synthesis (2003)The Geography of Equity Analysis (2005)Firm Innovation in Emerging Markets: The Role of Finance, Governance, and Competition (2011)
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References

  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1998Costly Search and Mutual Fund Flows3,217 cited
  • 1997Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks2,844 cited
  • 1997Risk Taking by Mutual Funds as a Response to Incentives2,295 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
  • 1999Career Concerns of Mutual Fund Managers859 cited
  • 1998Career Concerns of Mutual Fund Managers640 cited
  • 2006Favoritism in Mutual Fund Families? Evidence on Strategic Cross‐Fund Subsidization576 cited
  • 2005Business ties and proxy voting by mutual funds543 cited
  • 1997COGNITIVE DISSONANCE AND MUTUAL FUND INVESTORS524 cited
  • 2002Investing in equity mutual funds423 cited
  • 2009Performance evaluation and self-designated benchmark indexes in the mutual fund industry350 cited
  • 2006

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Offering versus Choice in 401(k) Plans: Equity Exposure and Number of Funds
327 cited

Cited by

  • 2012Price Support by Bank-Affiliated Mutual Funds82 cited
  • 2016It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans80 cited
  • 2014Investor Flows to Asset Managers: Causes and Consequences78 cited
  • 2021Institutional Investors and Corporate Governance77 cited
  • 2012Investor behavior in the mutual fund industry: evidence from gross flows71 cited
  • 2020Cost saving and the freezing of corporate pension plans63 cited
  • 2018Destabilizing Financial Advice: Evidence from Pension Fund Reallocations61 cited
  • 2013It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans59 cited
  • 2020Institutional Investors and Corporate Governance48 cited
  • 2013Investor Inattention: A Hidden Cost of Choice in Pension Plans?41 cited
  • 2017Free-Riders and Underdogs: Participation in Corporate Voting40 cited
  • 2015Target Date Funds: Characteristics and Performance40 cited
  • 2012Business Ties and Information Advantage: Evidence from Mutual Fund Trading31 cited
  • 2019I can see clearly now: The impact of disclosure requirements on 401(k) fees26 cited
  • 2011Managerial Multitasking in the Mutual Fund Industry26 cited
  • 2020Network-Induced Agency Conflicts in Delegated Portfolio Management24 cited