Since 2014
The Effect of Fund Flows on Fund Managers' Trading Behavior
Journal of Financial Studies
View Archive Info| Field | Value | |
| Title |
The Effect of Fund Flows on Fund Managers' Trading Behavior
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| Creator |
Chun-An Li
Hung-Cheng Lai |
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| Description |
This study examines the impact of fund flows on fund managers' trading behavior. The empirical results show that liquidity-motivated trading by fund managers has a statistically significant negative effect on fund portfolio. Besides, in the data sets grouped by market condition and turnover rate, the effect of fund flows on fund managers' behavior has different level in each group. Key words: open-end fund, fund flows, fund managers' behavior |
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| Publisher |
Journal of Financial Studies
財務金èžå¸åˆŠ |
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| Date |
2011-03-10
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| Type |
—
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| Format |
application/pdf
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| Identifier |
http://www.jfs.org.tw/index.php/jfs/article/view/2011071
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| Source |
Journal of Financial Studies; Vol 17, No 3 (2009); 157
財務金èžå¸åˆŠ; Vol 17, No 3 (2009); 157 |
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| Language |
—
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