Explaining differences in the flow-performance sensitivity of retail and institutional mutual funds – International evidence
We use data from 13 countries to study differences in the flow-performance sensitivity between institutional and retail investors. Our results show marked differences between non-US and the US in how institutional and retail investors react to past performance. Compared to retail investors, institut...
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| Formato: | article |
| Idioma: | eng |
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2020
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| Texto completo: | http://hdl.handle.net/10071/20089 |
| País: | Portugal |
| Oai: | oai:repositorio.iscte-iul.pt:10071/20089 |