A sociological explanation of financial market growth

International Review of Financial Analysis

Volumn 9, Issue 4, 2000, Pages 421-432

  Allen, Douglas E ^a   McGoun, Elton G ^a   Kester, George W ^b  

^a BUCKNELL UNIVERSITY   (United States)

^b WASHINGTON AND LEE UNIVERSITY   (United States)

Author keywords

Bourdieu; Culture; Investment

Indexed keywords

EID: 0041781517     PISSN: 10575219     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1057-5219(00)00040-5     Document Type: Article

References (27)

1. Bourdieu P. Outline of a Theory of Practice. 1977;University of Chicago Press, Chicago.
2. Bourdieu P. Distinction: A Social Critique of the Judgement of Taste. 1984;Harvard Univ. Press, Cambridge, MA.
3. Bourdieu P. The Logic of Practice. 1990;Stanford Univ. Press, Stanford, CA.
4. Bourdieu P., Waquant L.J.D. An Invitation to Reflexive Sociology. 1992;University of Chicago Press, Chicago.
5. Brown S.J., Goetzmann W.N. Performance persistence. Journal of Finance. 50(2):1995;679-698. (June).
6. Carhart M.M. On persistence in mutual fund performance. Journal of Finance. 52(1):1997;57-82. (March).
7. Carlson R.S. Aggregate performance of mutual funds, 1948-1967. Journal of Financial and Quantitative Analysis. 5(1):1970;1-32. (March).
8. Chang E.C., Lewellen W.G. Market timing and mutual funds investment performance. Journal of Business. 57(1):1984;57-72. (January).
9. Eisner R. Nothing to fear but fear of good news. Wall Street Journal. 1996;A18. (July 9).
10. Elton E.J., Gruber M.J., Das S., Blake C. The persistence of risk-adjusted mutual fund performance. Journal of Business. 69(2):1996;133-157. (April).
11. Goetzmann W.N., Ibbotson R.G. Do winners repeat? Patterns in mutual fund performance. Journal of Portfolio Management. 20(2):1994;9-18. (Winter).
12. Grinblatt M., Titman S. The persistence of mutual fund performance. Journal of Finance. 47(5):1992;1977-1984. (December).
13. Gruber E.J. Another puzzle: the growth in actively managed mutual funds. Journal of Finance. 51(3):1996;783-810. (July).
14. Hendricks D., Patel J., Zeckhauser R. Hot hands in mutual funds: short-run persistence and performance, 1974-88. Journal of Finance. 48(1):1993;93-130. (March).
15. Henriksson R.D. Market timing and mutual fund performance: an empirical investigation. Journal of Business. 57(1):1984;73-96. (January).
16. 1995-1996 Directory of Mutual Funds. 1995;5-13 Investment Company Institute, Washington DC.
17. Jensen M.C. The performance of mutual funds in the period 1945-1964. Journal of Finance. 23(2):1968;389-416. (May).
18. Kahn R.N., Rudd A. Does historical performance predict future performance? Financial Analyst Journal. 51(6):1995;43-52. (November-December).
19. Kon S.J., Jen F.C. The investment performance of mutual funds: an empirical investigation of timing, selectivity, and market efficiency. Journal of Business. 52(2):1979;263-289. (April).
20. Lehmann B.N., Modest D.M. Mutual fund performance evaluations: a comparison of benchmarks and benchmark comparisons. Journal of Finance. 42(2):1987;233-265. (June).
21. Martin J.D., Keown A.J. Jr., Farrell J.L. Do fund objectives affect diversification policies? Journal of Portfolio Management. 8(2):1982;19-28. (Winter).
22. McDonald J.G. Objectives and performance of mutual funds, 1960-1969. Journal of Financial and Quantitative Analysis. 9(3):1974;311-333. (June).
23. Sauer D.A. Information content of prior period mutual fund performance rankings. Journal of Economics and Business. 49(3):1997;549-567. (November/December).
24. Sharpe W.F. Mutual fund performance. Journal of Business. 39(1):1966;119-138. (January).
25. Treynor J.L., Mazuy K.K. Can mutual funds outguess the market? Harvard Business Review. 44(4):1966;131-136. (July-August).
26. Veit E.T., Cheney J.M. Are mutual funds market timers? Journal of Portfolio Management. 8(2):1982;35-42. (Winter).
27. Woolley S. Our love affair with stocks. Business Week. 1996;91-98. (June 3).