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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Bibliographic Details
Main Author: Alves, Carlos (author)
Other Authors: Mendes, Victor (author)
Format: article
Language:eng
Published: 2018
Subjects:
Mutual fund
Performance reaction
Investor behaviour
Small markets and regulation
Online Access:http://hdl.handle.net/10400.5/15666
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/15666

Internet

http://hdl.handle.net/10400.5/15666

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