Does performance explain mutual fund flows in small markets? The case of Portugal
We study the performance reaction of investors in a specific small market context. Our sample includes all Portuguese open-end equity funds that invested in stocks issued by Portuguese companies in the period De- cember 1993–June 2009. Instead of the convex flow–performance relationship usually docu...
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| Formato: | article |
| Idioma: | eng |
| Publicado em: |
2018
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| Texto completo: | http://hdl.handle.net/10400.5/15666 |
| País: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/15666 |