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The Effects of Advertising on Mutual Fund Flows: Results from a New Database
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The Effects of Advertising on Mutual Fund Flows: Results from a New Database (2011)The Effects of Advertising on Mutual Fund…Coarse Thinking and Persuasion* (2008)Coarse Thinking and Persuasio…Participation Costs and the Sensitivity of Fund Flows to Past Performance (2007)Participation Costs and the S…Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2006)Estimating Standard Errors in…Out of Sight, Out of Mind: The Effects of Expenses on Mutual Fund Flows* (2005)Out of Sight, Out of Mind: Th…A First Look at the Accuracy of the CRSP Mutual Fund Database and a Comparison of the CRSP and Morningstar Mutual Fund Databases (2001)A First Look at the Accuracy …Truth in Mutual Fund Advertising: Evidence on Future Performance and Fund Flows (2000)Truth in Mutual Fund Advertis…Costly Search and Mutual Fund Flows (1998)Costly Search and Mutual Fund…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Another Puzzle: The Growth in Actively Managed Mutual Funds (1996)Another Puzzle: The Growth in…How T.V. Advertising Works: A Meta-Analysis of 389 Real World Split Cable T.V. Advertising Experiments (1995)How T.V. Advertising Works: A…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…Consumer Reaction to Measures of Poor Quality: Evidence from the Mutual Fund Industry (1992)Consumer Reaction to Measures…Asset Prices under Habit Formation and Catching up with the Joneses (1990)Asset Prices under Habit Form…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…The Economics of Information (1961)The Economics of InformationPORTFOLIO SELECTION* (1952)PORTFOLIO SELECTION*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 Limits of Arbitrage (1995)Risk Taking by Mutual Funds as a Response to Incentives (1997)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 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)Habit Formation: A Resolution of the Equity Premium Puzzle (1990)By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior (1999)Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles (2000)An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area (2003)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)Private Equity Performance: Returns, Persistence, and Capital Flows (2005)Household Finance (2006)Specification Tests in Econometrics (1978)Econometric Analysis of Cross Section and Panel Data (2001)Robust Standard Errors for Panel Regressions with Cross-Sectional Dependence (2007)Robust Inference With Multiway Clustering (2011)Policy Uncertainty and Corporate Investment (2015)Measuring Mutual Fund Performance with Characteristic-Based Benchmarks (1997)Mutual Fund Flows and Performance in Rational Markets (2004)Multifactor Explanations of Asset Pricing Anomalies (1996)WHAT'S IN A NAME? REPUTATION BUILDING AND CORPORATE STRATEGY. (1990)Prior Knowledge and the Discovery of Entrepreneurial Opportunities (2000)Corporate Social Responsibility, Customer Satisfaction, and Market Value (2006)Conditional value-at-risk for general loss distributions (2002)Optimal Versus Naive Diversification: How Inefficient is the 1/ N Portfolio Strategy? (2007)The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)
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References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1952PORTFOLIO SELECTION*18,429 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2006Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches11,238 cited
  • 1961The Economics of Information5,332 cited
  • 1998Costly Search and Mutual Fund Flows3,217 cited
  • 1996Another Puzzle: The Growth in Actively Managed Mutual Funds2,143 cited
  • 1990Asset Prices under Habit Formation and Catching up with the Joneses2,021 cited
  • 1992Consumer Reaction to Measures of Poor Quality: Evidence from the Mutual Fund Industry1,065 cited
  • 2005Out of Sight, Out of Mind: The Effects of Expenses on Mutual Fund Flows*867 cited
  • 2007Participation Costs and the Sensitivity of Fund Flows to Past Performance559 cited
  • 2000Truth in Mutual Fund Advertising: Evidence on Future Performance and Fund Flows540 cited
  • 1995How T.V. Advertising Works: A Meta-Analysis of 389 Real World Split Cable T.V. Advertising Experiments474 cited
  • 2001A First Look at the Accuracy of the CRSP Mutual Fund Database and a Comparison of the CRSP and Morningstar Mutual Fund Databases

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  • 2008Coarse Thinking and Persuasion*394 cited
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