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The Shift from Active to Passive Investing: Potential Risks to Financial Stability?
16 references·1 citing·45 second hopsampled
The Shift from Active to Passive Investing: Potential Risks to Financial Stability? (2020)The Shift from Active to Passive Investin…Investor flows and fragility in corporate bond funds (2017)Investor flows and fragility …Passive investors, not passive owners (2016)Passive investors, not passiv…Do ETFs Increase Volatility? (2014)Do ETFs Increase Volatility?Stock Price Fragility (2011)Stock Price FragilityPayoff complementarities and financial fragility: Evidence from mutual fund outflows (2010)Payoff complementarities and …How Active Is Your Fund Manager? A New Measure That Predicts Performance (2009)How Active Is Your Fund Manag…The divergence of liquidity commonality in the cross-section of stocks☆ (2008)The divergence of liquidity c…Mutual Fund Flows and Performance in Rational Markets (2004)Mutual Fund Flows and Perform…Comovement (2004)ComovementDoes Arbitrage Flatten Demand Curves for Stocks? (2002)Does Arbitrage Flatten Demand…Demand Curves for Stocks Do Slope Down: New Evidence from an Index Weights Adjustment (2000)Demand Curves for Stocks Do S…Costly Search and Mutual Fund Flows (1998)Costly Search and Mutual Fund…New Evidence on Stock Price Effects Associated with Changes in the S&P 500 Index (1997)New Evidence on Stock Price E…An Anatomy of the "S & P Game": The Effects of Changing the Rules (1996)An Anatomy of the "S & P Game…Price and Volume Effects Associated with Changes in the S&P 500 List: New Evidence for the Existence of Price Pressures (1986)Price and Volume Effects Asso…Do Demand Curves for Stocks Slope Down? (1986)Do Demand Curves for Stocks S…What Do Quoted Spreads Tell Us About Machine Trading at Times of Market Stress? Evidence from Treasury and FX Markets during the COVID-19-Related Market Turmoil in March 2020 (2020)What Do Quoted Spreads Tell U…The Adjustment of Stock Prices to New Information (1969)Principles of Corporate Finance. (1981)The Relation Between Price Changes and Trading Volume: A Survey (1987)Institutional Investors and Equity Prices (2001)The Adjustment of Stock Prices to New Information (2003)An Engine, Not a Camera (2006)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Noise (1986)More Than Words: Quantifying Language to Measure Firms' Fundamentals (2008)The cost of capital, corporation finance and the theory of investment (2008)Does the stock market fully value intangibles? Employee satisfaction and equity prices (2011)Bank Runs, Deposit Insurance, and Liquidity (1983)Continuous Auctions and Insider Trading (1985)Illiquidity and stock returns: cross-section and time-series effects (2002)Has the US Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation (2015)Where the Risks Lie: A Survey on Systemic Risk (2015)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)Risk, Return, and Equilibrium: Empirical Tests (1973)On Persistence in Mutual Fund Performance (1997)Private Equity Performance: Returns, Persistence, and Capital Flows (2005)Household Finance (2006)Common risk factors in the returns on stocks and bonds (1993)Does corporate social responsibility create shareholder value? The importance of long-term investors (2017)Is there a dark side to exchange traded funds? An information perspective (2017)The Big Three and corporate carbon emissions around the world (2021)Separation of Ownership and Control (1983)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency costs of free cash flow, corporate finance, and takeovers (1996)Do Institutional Investors Drive Corporate Social Responsibility? International Evidence (2015)The effect of institutional ownership on firm transparency and information production (2015)Anticompetitive Effects of Common Ownership (2018)Does the Stock Market Overreact? (1985)Noise Trader Risk in Financial Markets (1990)Industry costs of equity (1997)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Integración de los mercados financieros Latinoamericanos por medio de MILA (2020)Measuring Mutual Fund Performance with Characteristic-Based Benchmarks (1997)Unobserved Actions of Mutual Funds (2006)Measuring skill in the mutual fund industry (2015)Size and Book-to-Market Factors in Earnings and Returns (1995)The Limits of Arbitrage (1995)Investor attention, overconfidence and category learning (2006)Does Academic Research Destroy Stock Return Predictability? (2015)Luck versus Skill in the Cross‐Section of Mutual Fund Returns (2010)Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows (2017)
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References

  • 1998Costly Search and Mutual Fund Flows3,217 cited
  • 2004Mutual Fund Flows and Performance in Rational Markets2,177 cited
  • 2009How Active Is Your Fund Manager? A New Measure That Predicts Performance1,660 cited
  • 1986Do Demand Curves for Stocks Slope Down?1,524 cited
  • 1986Price and Volume Effects Associated with Changes in the S&P 500 List: New Evidence for the Existence of Price Pressures1,099 cited
  • 2016Passive investors, not passive owners975 cited
  • 2004Comovement929 cited
  • 2002Does Arbitrage Flatten Demand Curves for Stocks?887 cited
  • 2010Payoff complementarities and financial fragility: Evidence from mutual fund outflows702 cited
  • 2014Do ETFs Increase Volatility?686 cited
  • 2017Investor flows and fragility in corporate bond funds632 cited
  • 1997New Evidence on Stock Price Effects Associated with Changes in the S&P 500 Index531 cited
  • 2000Demand Curves for Stocks Do Slope Down: New Evidence from an Index Weights Adjustment377 cited
  • 1996An Anatomy of the "S & P Game": The Effects of Changing the Rules336 cited
  • 2011Stock Price Fragility310 cited
  • 2008

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The divergence of liquidity commonality in the cross-section of stocks☆
278 cited

Cited by

  • 2020What Do Quoted Spreads Tell Us About Machine Trading at Times of Market Stress? Evidence from Treasury and FX Markets during the COVID-19-Related Market Turmoil in March 202015 cited