메뉴 건너뛰기




Volumn 78, Issue 4, 2005, Pages 1365-1401

Exit decisions in the U.S. mutual fund industry

Author keywords

[No Author keywords available]

Indexed keywords


EID: 27644578011     PISSN: 00219398     EISSN: None     Source Type: Journal    
DOI: 10.1086/430863     Document Type: Article
Times cited : (50)

References (29)
  • 2
    • 0029488284 scopus 로고
    • The propensity to exit and innovation
    • Audretsch, D. B. 1995. The propensity to exit and innovation. Review of Industrial Organization 10 (October): 589-605.
    • (1995) Review of Industrial Organization , vol.10 , Issue.OCTOBER , pp. 589-605
    • Audretsch, D.B.1
  • 4
    • 21144465720 scopus 로고
    • The performance of bond mutual funds
    • Blake, C. R.; Elton, E. J.; Gruber, M. J. 1993. The performance of bond mutual funds. Journal of Business 66 (July): 371-403.
    • (1993) Journal of Business , vol.66 , Issue.JULY , pp. 371-403
    • Blake, C.R.1    Elton, E.J.2    Gruber, M.J.3
  • 5
    • 84993890011 scopus 로고
    • Performance persistence
    • Brown, S. J., and Goetzmann, W. N. 1995. Performance persistence. Journal of Finance 50 (June): 679-98.
    • (1995) Journal of Finance , vol.50 , Issue.JUNE , pp. 679-698
    • Brown, S.J.1    Goetzmann, W.N.2
  • 6
    • 0002624840 scopus 로고    scopus 로고
    • On persistence in mutual fund performance
    • Carhart, M. M. 1997. On persistence in mutual fund performance. Journal of Finance 52 (March): 57-82.
    • (1997) Journal of Finance , vol.52 , Issue.MARCH , pp. 57-82
    • Carhart, M.M.1
  • 7
    • 27644549364 scopus 로고    scopus 로고
    • The University of Chicago, Graduate School of Business
    • Center for Research in Security Prices. 2002. CRSP Survivor-Bias Free US Mutual Fund Database Guide. The University of Chicago, Graduate School of Business.
    • (2002) CRSP Survivor-bias Free US Mutual Fund Database Guide
  • 8
    • 0006766017 scopus 로고
    • Investment activity and the exit decision
    • Deily, M. E. 1988. Investment activity and the exit decision. Review of Economics and Statistics 70 (November): 595-602.
    • (1988) Review of Economics and Statistics , vol.70 , Issue.NOVEMBER , pp. 595-602
    • Deily, M.E.1
  • 9
    • 0000675889 scopus 로고
    • Exit strategies and plant-closing decisions: The case of steel
    • Deily, M. E. 1991. Exit strategies and plant-closing decisions: the case of steel. Rand Journal of Economics 22 (Summer): 250-63.
    • (1991) Rand Journal of Economics , vol.22 , Issue.SUMMER , pp. 250-263
    • Deily, M.E.1
  • 10
    • 0042547515 scopus 로고    scopus 로고
    • The determinants of firm exit in Japanese manufacturing industries
    • Doi, N. 1999. The determinants of firm exit in Japanese manufacturing industries. Small Business Economics 13 (December): 331-37.
    • (1999) Small Business Economics , vol.13 , Issue.DECEMBER , pp. 331-337
    • Doi, N.1
  • 11
    • 0030517263 scopus 로고    scopus 로고
    • Survivorship bias and mutual fund performance
    • Elton, E. J.; Gruber, M. J.; and Blake, C. R. 1996. Survivorship bias and mutual fund performance. Review of Financial Studies 9 (Winter): 1097-1120.
    • (1996) Review of Financial Studies , vol.9 , Issue.WINTER , pp. 1097-1120
    • Elton, E.J.1    Gruber, M.J.2    Blake, C.R.3
  • 12
    • 0039738564 scopus 로고    scopus 로고
    • A first look at the accuracy of the CRSP mutual fund database and a comparison of the CRSP and Momingstar mutual fund databases
    • Elton, E. J.; Gruber, M. J.; and Blake, C. R. 2001. A first look at the accuracy of the CRSP mutual fund database and a comparison of the CRSP and Momingstar mutual fund databases. Journal of Finance 56 (December): 2415-2430.
    • (2001) Journal of Finance , vol.56 , Issue.DECEMBER , pp. 2415-2430
    • Elton, E.J.1    Gruber, M.J.2    Blake, C.R.3
  • 13
    • 38549147867 scopus 로고
    • Common risk factors in the returns on stocks and bonds
    • Fama, E. F.; and French, K. R. 1993. Common risk factors in the returns on stocks and bonds, Journal of Financial Economics 33 (February): 3-56.
    • (1993) Journal of Financial Economics , vol.33 , Issue.FEBRUARY , pp. 3-56
    • Fama, E.F.1    French, K.R.2
  • 14
    • 0000562527 scopus 로고
    • An intertemporal model of industrial exit
    • Frank, M, Z. 1988. An intertemporal model of industrial exit. Quarterly Journal of Economics 103 (May): 333-44.
    • (1988) Quarterly Journal of Economics , vol.103 , Issue.MAY , pp. 333-344
    • Frank, M.Z.1
  • 15
    • 0004296209 scopus 로고    scopus 로고
    • Upper Saddle River. New Jersey: Prentice Hall, Inc.
    • Greene, W. H. 1997. Econometric Analysis. Upper Saddle River. New Jersey: Prentice Hall, Inc.
    • (1997) Econometric Analysis
    • Greene, W.H.1
  • 17
    • 0032758510 scopus 로고    scopus 로고
    • Microeconomic and macroeconomic influences on entry and exit of firms
    • Ilmakunnas, P. and Topi, J. 1999. Microeconomic and macroeconomic influences on entry and exit of firms. Review of Industrial Organization 15 (November): 283-301.
    • (1999) Review of Industrial Organization , vol.15 , Issue.NOVEMBER , pp. 283-301
    • Ilmakunnas, P.1    Topi, J.2
  • 18
    • 0010079368 scopus 로고    scopus 로고
    • Mutual fund performance: Does fund size matter?
    • Indro, D.; Jiang, C.; Hu, M.; and Lee, W. 1999. Mutual fund performance: Does fund size matter? Financial Analysts Journal 55 (May/June): 74-87.
    • (1999) Financial Analysts Journal , vol.55 , Issue.MAY-JUNE , pp. 74-87
    • Indro, D.1    Jiang, C.2    Hu, M.3    Lee, W.4
  • 19
    • 0042671202 scopus 로고    scopus 로고
    • An analysis of the determinants and shareholder wealth effects of mutual fund mergers
    • Jayaraman, N.; Khorana, A.; and Nelling, E. 2002. An analysis of the determinants and shareholder wealth effects of mutual fund mergers. Journal of Finance 57 (June): 1521-1551.
    • (2002) Journal of Finance , vol.57 , Issue.JUNE , pp. 1521-1551
    • Jayaraman, N.1    Khorana, A.2    Nelling, E.3
  • 20
    • 0033442006 scopus 로고    scopus 로고
    • The determinants of mutual fund starts
    • Khorana, A. and Servaes, H. 1999. The determinants of mutual fund starts. The Review of Financial Studies 12 (Winter): 1043-1074.
    • (1999) The Review of Financial Studies , vol.12 , Issue.WINTER , pp. 1043-1074
    • Khorana, A.1    Servaes, H.2
  • 21
    • 0035628074 scopus 로고    scopus 로고
    • Performance changes following top management turnover: Evidence from open-end mutual funds
    • Khorana, A. 2001. Performance changes following top management turnover: Evidence from open-end mutual funds. Journal of Financial and Quantitative Analysis 36 (September): 371-93.
    • (2001) Journal of Financial and Quantitative Analysis , vol.36 , Issue.SEPTEMBER , pp. 371-393
    • Khorana, A.1
  • 23
    • 0011096275 scopus 로고    scopus 로고
    • The hazards of mutual fund performance: A cox regression analysis
    • Lunde, A.; Timmermann, A.; and Blake, D.; 1999. The hazards of mutual fund performance: a cox regression analysis. Journal of Empirical Finance 6 (April): 121-52.
    • (1999) Journal of Empirical Finance , vol.6 , Issue.APRIL , pp. 121-152
    • Lunde, A.1    Timmermann, A.2    Blake, D.3
  • 25
    • 28244456970 scopus 로고    scopus 로고
    • A theory of mutual funds: Optimal fund objectives and industry organization
    • Yale School of Management
    • Mamaysky, H. and Spiegel, M. 2002. A theory of mutual funds: Optimal fund objectives and industry organization. Working paper. Yale School of Management.
    • (2002) Working Paper
    • Mamaysky, H.1    Spiegel, M.2
  • 26
    • 0040696234 scopus 로고
    • The right amount of assets under management
    • Perold, A. and Salomon, R. 1991. The right amount of assets under management. Financial Analysts Journal 47 (May/June): 31-39.
    • (1991) Financial Analysts Journal , vol.47 , Issue.MAY-JUNE , pp. 31-39
    • Perold, A.1    Salomon, R.2
  • 27
    • 0024249390 scopus 로고    scopus 로고
    • Plant closings and exit behavior in declining industries
    • Reynolds, S. S. 1998. Plant closings and exit behavior in declining industries. Economica 55 (November): 493-503.
    • (1998) Economica , vol.55 , Issue.NOVEMBER , pp. 493-503
    • Reynolds, S.S.1
  • 28
    • 0000421087 scopus 로고
    • Empirical studies of entry and exit: A survey of the evidence
    • Siegfried, J. J. and Evans, L. B. 1994. Empirical studies of entry and exit: A survey of the evidence. Review of Industrial Organization 9 (April): 121-55.
    • (1994) Review of Industrial Organization , vol.9 , Issue.APRIL , pp. 121-155
    • Siegfried, J.J.1    Evans, L.B.2
  • 29
    • 0038185576 scopus 로고    scopus 로고
    • Mutual fund performance: An empirical decomposition into stock-picking talent, style, transactions costs, and expenses
    • Wermers, R. 2000. Mutual fund performance: an empirical decomposition into stock-picking talent, style, transactions costs, and expenses. Journal of Finance 55 (August): 1655-1695.
    • (2000) Journal of Finance , vol.55 , Issue.AUGUST , pp. 1655-1695
    • Wermers, R.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.