Do fund flows moderate persistence? Evidence from a global study
We investigate whether fund flows eliminate future abnormal performance and persistence as in Berk and Green (2004) using a sample of open-end domestic equity mutual funds from 32 countries. We show that flows have only a small moderating effect on persistence even in the United States, where fund i...
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| Format: | article |
| Language: | eng |
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2021
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| Online Access: | http://hdl.handle.net/10071/21389 |
| Country: | Portugal |
| Oai: | oai:repositorio.iscte-iul.pt:10071/21389 |