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Family Values and the Star Phenomenon: Strategies of Mutual Fund Families
16 references·5 citing·32 second hopsampled
Family Values and the Star Phenomenon: Strategies of Mutual Fund Families (2011)Family Values and the Star Phenomenon: St…Out of Sight, Out of Mind: The Effects of Expenses on Mutual Fund Flows* (2005)Out of Sight, Out of Mind: Th…Out of Sight, Out of Mind: The Effects of Expenses on Mutual Fund Flows (2004)Out of Sight, Out of Mind: Th…Morningstar 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…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…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…Another Puzzle: The Growth in Actively Managed Mutual Funds (1996)Another Puzzle: The Growth in…Aggregate mutual fund flows and security returns (1995)Aggregate mutual fund flows a…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…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…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…False (and Missed) Discoveries in Financial Economics (2017)False (and Missed) Discoverie…Fund management : an emotional finance perspective (2012)Fund management : an emotiona…Managerial Multitasking in the Mutual Fund Industry (2011)Managerial Multitasking in th…Risk Shifting and Mutual Fund Performance (2008)Risk Shifting and Mutual Fund…Information Flows within Financial Conglomerates: Evidence from the Banks-Mutual Funds Relationship (2007)Information Flows within Fina…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)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 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)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)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Participation Costs and the Sensitivity of Fund Flows to Past Performance (2007)The real effects of mandated information on social responsibility in financial reports: Evidence from mine-safety records (2017)Mutual Fund Performance: An Empirical Decomposition into Stock‐Picking Talent, Style, Transactions Costs, and Expenses (2000)Luck versus Skill in the Cross‐Section of Mutual Fund Returns (2010)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)
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References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1998Costly Search and Mutual Fund Flows3,217 cited
  • 1997Risk Taking by Mutual Funds as a Response to Incentives2,295 cited
  • 1996Another Puzzle: The Growth in Actively Managed Mutual Funds2,093 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
  • 2005Out of Sight, Out of Mind: The Effects of Expenses on Mutual Fund Flows*800 cited
  • 1995Aggregate mutual fund flows and security returns734 cited
  • 1992The Structure and Performance of the Money Management Industry572 cited
  • 1997COGNITIVE DISSONANCE AND MUTUAL FUND INVESTORS524 cited
  • 2004Out of Sight, Out of Mind: The Effects of Expenses on Mutual Fund Flows251 cited
  • 1999The Determinants of Mutual Fund Starts230 cited

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  • 2000Morningstar Ratings and Mutual Fund Performance228 cited
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    • 2008Risk Shifting and Mutual Fund Performance53 cited
    • 2017False (and Missed) Discoveries in Financial Economics52 cited
    • 2007Information Flows within Financial Conglomerates: Evidence from the Banks-Mutual Funds Relationship44 cited
    • 2012Fund management : an emotional finance perspective43 cited
    • 2011Managerial Multitasking in the Mutual Fund Industry26 cited