Investor monitoring and differences in mutual fund performance

Journal of Banking and Finance

Volumn 30, Issue 10, 2006, Pages 2787-2808

  James, Christopher ^a   Karceski, Jason ^a  

^a UNIVERSITY OF FLORIDA   (United States)

Author keywords

Flow performance; Institutional mutual funds; Tracking error

Indexed keywords

EID: 33747348519     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbankfin.2005.11.003     Document Type: Article

References (20)

1. Brown S., and Goetzmann W. Attrition and mutual fund performance. Journal of Finance 50 (1995) 679-698
2. Carhart M. On the persistence of mutual fund performance. Journal of Finance 52 (1997) 57-82
3. Chevalier J., and Ellison G. Risk taking by mutual funds as a response to incentives. Journal of Political Economy 105 (1997) 1167-1200
4. Devenow A., and Welch I. Rational herding in financial economics. European Economic Review 40 (1996) 603-615
5. Del Guercio D., and Tkac P. The determinants of the flow of funds on managed portfolios: Mutual funds vs. pension funds. Journal of Financial and Quantitative Analysis 37 (2002) 523-557
6. Edelen R.M. Investor flows and the assessed performance of open-end mutual funds. Journal of Financial Economics 53 (1999) 439-466
7. Elton E.J., Gruber M.J., and Blake C.R. A first look at the accuracy of the CRSP mutual fund database and a comparison of the CRSP and moningstar mutual fund databases. Journal of Finance 56 (2001) 2415-2430
8. Elton E.J., Gruber M.J., and Blake C.R. Incentive fees and mutual funds. Journal of Finance 58 (2003) 779-804
9. Fama E.F., and French K.R. Common risk factors in the returns on bonds and stocks. Journal of Financial Economics 33 (1993) 3-53
10. Fama E.F., and MacBeth J.D. Risk, return, and equilibrium: Empirical tests. Journal of Political Economy 91 (1973) 607-636
11. Goetzmann W., and Peles N. Cognitive dissonance and mutual fund investors. Journal of Financial Research 20 (1997) 145-158
12. Grinblatt M., and Titman S. The persistence of mutual fund performance. Journal of Finance 47 (1992) 1977-1984
13. Gruber M.J. Another puzzle: The growth in actively managed mutual funds. Journal of Finance 51 (1996) 783-810
14. Johnsen, B.D., 2000. The welfare effects of soft dollar brokerage: Law and economics. The Research Foundation of the Association for Investment Management and Research.
15. Kao G., Cheng L.T.W., and Chan K.C. International mutual fund selectivity and market timing during up and down market conditions. Financial Review 33 (1998) 127-144
16. Khorana A., and Servaes H. The determinants of mutual fund starts. Review of Financial Studies 12 (1999) 1043-1074
17. Lakonishok J., Shleifer A., and Vishny R.W. The structure and performance of the money management industry. Brookings Papers on Economic Activity: Microeconomics (1992) 339-390
18. Sirri E.R., and Tufano P. Costly search and mutual fund flows. Journal of Finance 53 (1998) 1589-1621
19. Wermers R. Mutual fund performance: An empirical decomposition into stock-picking talent, style, transactions costs and expenses. Journal of Finance 55 (2000) 1655-1695
20. Zitzewitz E. Who cares about shareholders? Arbitrage-proofing mutual funds. Journal of Law, Economics and Organization 19 (2003) 245-280