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Why are Most Funds Open-End? Competition and the Limits of Arbitrage
16 references·16 citing·41 second hopsampled
Why are Most Funds Open-End? Competition and the Limits of Arbitrage (2005)Why are Most Funds Open-End? Competition …Hedge Funds and the Technology Bubble (2004)Hedge Funds and the Technolog…Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking (2001)Liquidity Risk, Liquidity Cre…The Equity Share in New Issues and Aggregate Stock Returns (2000)The Equity Share in New Issue…A Theory of Bank Capital (2000)A Theory of Bank CapitalDefault and Renegotiation: A Dynamic Model of Debt (1998)Default and Renegotiation: A …Costly Search and Mutual Fund Flows (1998)Costly Search and Mutual Fund…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Optimal Debt Structure and the Number of Creditors (1996)Optimal Debt Structure and th…The Limits of Arbitrage (1995)The Limits of ArbitrageRisk Taking by Mutual Funds as a Response to Incentives (1995)Risk Taking by Mutual Funds a…Consumer Reaction to Measures of Poor Quality: Evidence from the Mutual Fund Industry (1992)Consumer Reaction to Measures…The Role of Demandable Debt in Structuring Optimal Banking Arrangements (1991)The Role of Demandable Debt i…Debt Maturity Structure and Liquidity Risk (1991)Debt Maturity Structure and L…Signaling Games and Stable Equilibria (1987)Signaling Games and Stable Eq…Asymmetric Information and Risky Debt Maturity Choice (1986)Asymmetric Information and Ri…Agency Problems and Residual Claims (1983)Agency Problems and Residual …Does mutual fund illiquidity introduce fragility into asset prices? Evidence from the corporate bond market (2021)Does mutual fund illiquidity …Destabilizing Financial Advice: Evidence from Pension Fund Reallocations (2018)Destabilizing Financial Advic…Asset Price Dynamics in Partially Segmented Markets (2018)Asset Price Dynamics in Parti…Investor Flows to Asset Managers: Causes and Consequences (2014)Investor Flows to Asset Manag…The Impact of Shrouded Fees: Evidence from a Natural Experiment in the Indian Mutual Funds Market (2012)The Impact of Shrouded Fees: …Share Issuance and Factor Timing (2012)Share Issuance and Factor Tim…Delegated asset management, investment mandates, and capital immobility (2012)Delegated asset management, i…Deconstructing Herding: Evidence from Pension Fund Investment Behavior (2012)Deconstructing Herding: Evide…Closed-End Funds: A Survey (2012)Closed-End Funds: A SurveyThe fragile capital structure of hedge funds and the limits to arbitrage (2011)The fragile capital structure…Short-term termination without deterring long-term investment: A theory of debt and buyouts (2011)Short-term termination withou…High-Water Marks and Hedge Fund Compensation (2010)High-Water Marks and Hedge Fu…Leveraged Buyouts and Private Equity (2008)Leveraged Buyouts and Private…Are ETFs Replacing Index Mutual Funds? (2008)Are ETFs Replacing Index Mutu…Why are Buyouts Levered: The Financial Structure of Private Equity Funds (2007)Why are Buyouts Levered: The …Was There a NASDAQ Bubble in the Late 1990s? (2004)Was There a NASDAQ Bubble in …The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Bank Runs, Deposit Insurance, and Liquidity (1983)Financial Intermediation and Delegated Monitoring (1984)Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit‐taking (2002)How does capital affect bank performance during financial crises? (2013)On financial contracting (1979)Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt (1992)Liquidation Values and Debt Capacity: A Market Equilibrium Approach (1992)Relationship Banking: What Do We Know? (2000)Information Asymmetry and Financing Arrangements: Evidence from Syndicated Loans (2007)Determinants of corporate borrowing (1977)Credit Rationing in Markets with Imperfect Information (1981)A Survey of Corporate Governance (1997)A model of investor sentiment /CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)The Cross-Section of Expected Stock Returns (1992)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Market Liquidity and Funding Liquidity (2008)Strategic Information Transmission (1982)Biological signals as handicaps (1990)Intrinsic and Extrinsic Motivation (2003)Incentives and Prosocial Behavior (2006)Risk, Return, and Equilibrium: Empirical Tests (1973)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)Mutual Fund Flows and Performance in Rational Markets (2004)Asset Fire Sales (and Purchases) in Equity Markets (2005)Firms, Contracts, and Financial Structure (1995)Does Distance Still Matter? The Information Revolution in Small Business Lending (2002)Theory of Value (1959)Auditor size and audit quality (1981)Separation of Ownership and Control (1983)Strategic assets and organizational rent (1993)Mutual Fund Flows and Performance in Rational Markets (2002)Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization (2004)Has Financial Development Made the World Riskier? (2005)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1995The Limits of Arbitrage5,282 cited
  • 1983Agency Problems and Residual Claims4,877 cited
  • 1987Signaling Games and Stable Equilibria3,227 cited
  • 1998Costly Search and Mutual Fund Flows3,217 cited
  • 2001Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking2,006 cited
  • 1991Debt Maturity Structure and Liquidity Risk1,815 cited
  • 1995Risk Taking by Mutual Funds as a Response to Incentives1,582 cited
  • 1991The Role of Demandable Debt in Structuring Optimal Banking Arrangements1,490 cited
  • 1996Optimal Debt Structure and the Number of Creditors1,440 cited
  • 2000A Theory of Bank Capital1,407 cited
  • 1986Asymmetric Information and Risky Debt Maturity Choice1,203 cited
  • 2000The Equity Share in New Issues and Aggregate Stock Returns1,183 cited
  • 2004Hedge Funds and the Technology Bubble1,104 cited
  • 1992Consumer Reaction to Measures of Poor Quality: Evidence from the Mutual Fund Industry1,065 cited
  • 1998Default and Renegotiation: A Dynamic Model of Debt

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1,021 cited

Cited by

  • 2012Closed-End Funds: A Survey133 cited
  • 2021Does mutual fund illiquidity introduce fragility into asset prices? Evidence from the corporate bond market127 cited
  • 2018Asset Price Dynamics in Partially Segmented Markets123 cited
  • 2011The fragile capital structure of hedge funds and the limits to arbitrage110 cited
  • 2012The Impact of Shrouded Fees: Evidence from a Natural Experiment in the Indian Mutual Funds Market103 cited
  • 2007Why are Buyouts Levered: The Financial Structure of Private Equity Funds98 cited
  • 2012Share Issuance and Factor Timing93 cited
  • 2008Leveraged Buyouts and Private Equity90 cited
  • 2012Delegated asset management, investment mandates, and capital immobility84 cited
  • 2012Deconstructing Herding: Evidence from Pension Fund Investment Behavior82 cited
  • 2014Investor Flows to Asset Managers: Causes and Consequences78 cited
  • 2008Are ETFs Replacing Index Mutual Funds?70 cited
  • 2018Destabilizing Financial Advice: Evidence from Pension Fund Reallocations61 cited
  • 2011Short-term termination without deterring long-term investment: A theory of debt and buyouts55 cited
  • 2004Was There a NASDAQ Bubble in the Late 1990s?53 cited
  • 2010High-Water Marks and Hedge Fund Compensation52 cited