scholarly journals Italian Equity Funds: Efficiency and Performance Persistence

Author(s):  
Roberto Casarin ◽  
Loriana Pelizzon ◽  
Andrea Piva
2014 ◽  
Vol 34 ◽  
pp. 189-199 ◽  
Author(s):  
Don Bredin ◽  
Keith Cuthbertson ◽  
Dirk Nitzsche ◽  
Dylan C. Thomas

Author(s):  
Yael V. Hochberg ◽  
Alexander Ljungqvist ◽  
Annette Vissing-Jorgensen

2009 ◽  
Vol 45 (1) ◽  
pp. 223-237 ◽  
Author(s):  
David Rakowski

AbstractThis paper provides a detailed analysis of the impact of daily mutual fund flow volatility on fund performance. I document a significant negative relationship between the volatility of daily fund flows and cross-sectional differences in risk-adjusted performance. This relationship is driven by domestic equity funds, as well as small funds, well-performing funds, and funds that experience inflows over the sample period. My results are consistent with performance differences arising from the transaction costs of nondiscretionary trading driven by daily fund flows, but not with performance differences arising from the suboptimal cash holdings that arise from fund flows.


2007 ◽  
Vol 89 (3) ◽  
pp. 624-636 ◽  
Author(s):  
Lewis T. Cunningham ◽  
B. Wade Brorsen ◽  
Kim B. Anderson

2014 ◽  
Vol 19 (5) ◽  
pp. 1783-1823 ◽  
Author(s):  
Robert Marquez ◽  
Vikram Nanda ◽  
M. Deniz Yavuz

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