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Test of Coordinating Strategies across Funds: Conflicts of Interest between Fund Companies and Investors
Journal of Financial Studies
View Archive Info| Field | Value | |
| Title |
Test of Coordinating Strategies across Funds: Conflicts of Interest between Fund Companies and Investors
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| Creator |
Mei-Chen Lin
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| Description |
This study examines whether fund companies pursue a strategy of actively enhancing the performance of current well-performing funds and young funds at the expense of poorly performing funds and old funds. The observation results reveal that potential conflicts of interest between fund management companies and investors are not prevalent. Particularly, fundcompanies do not boost the performance of either young funds or prior-well performing funds at the cost of either old funds or prior-bad performing funds, respectively. The key reasons for this finding are the insignificant convex flow-performance relationship and the insignificant spillover effect in the Taiwan mutual fund market. Key words: Flow-performance relationship, spillover effect, cross-fund subsidization. |
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| Publisher |
Journal of Financial Studies
財務金èžå¸åˆŠ |
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| Date |
2011-07-06
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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/2011229
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| Source |
Journal of Financial Studies; Vol 15, No 1 (2007); 65
財務金èžå¸åˆŠ; Vol 15, No 1 (2007); 65 |
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| Language |
—
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