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Mutual funds withdraw shield: performance or agency costs driver?
Economics and Business Letters
View Archive Info| Field | Value | |
| Title |
Mutual funds withdraw shield: performance or agency costs driver?
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| Creator |
Alves, Carlos Francisco
Mouta, Helena |
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| Description |
In this paper, using a unique database, we compare the performance of a set of equity mutual funds to a set of equity savings funds, which are similar to equity mutual funds in all but one characteristic: the tax regime that strongly penalizes withdrawals from equity savings funds. We found evidence consistent with the hypothesis that mutual funds less subject to liquidity shocks exhibit higher performances.
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| Publisher |
Oviedo University Press
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| Contributor |
CEF.UP is supported by CFT through POCTI of the QCAIII, which is financed by FEDER and Portuguese funds.
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| Date |
2012-03-26
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.unioviedo.es/reunido/index.php/EBL/article/view/9318
10.17811/ebl.1.1.2012.30-34 |
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| Source |
Economics and Business Letters; Vol 1, No 1 (2012): March; 30-34
Economics and Business Letters; Vol 1, No 1 (2012): March; 30-34 2254-4380 10.17811/ebl.1.1.2012 |
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| Language |
eng
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| Relation |
http://www.unioviedo.es/reunido/index.php/EBL/article/view/9318/9228
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| Rights |
Copyright (c) 2014 Economics and Business Letters
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