메뉴 건너뛰기




Volumn 20, Issue 1, 2007, Pages 125-150

Does motivation matter when assessing trade performance? An analysis of mutual funds

Author keywords

[No Author keywords available]

Indexed keywords


EID: 33845693411     PISSN: 08939454     EISSN: 14657368     Source Type: Journal    
DOI: 10.1093/rfs/hhl008     Document Type: Article
Times cited : (167)

References (46)
  • 2
    • 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, 57-82.
    • (1997) Journal of Finance , vol.52 , pp. 57-82
    • Carhart, M.M.1
  • 3
    • 0013148286 scopus 로고    scopus 로고
    • Stealth Trading: Which Traders' Trades Move Stock Prices?
    • Chakravarty, S., 2001, "Stealth Trading: Which Traders' Trades Move Stock Prices?" Journal of Financial Economics, 61, 289-307.
    • (2001) Journal of Financial Economics , vol.61 , pp. 289-307
    • Chakravarty, S.1
  • 4
    • 16244404602 scopus 로고    scopus 로고
    • Does Fund Size Erode Mutual Fund Performance? the role of liquidity and organization
    • Chen, J., H. Hong, M. Huang, and J. D. Kubik, 2004, "Does Fund Size Erode Mutual Fund Performance? The role of liquidity and organization," American Economic Review, 94, 1276-1302.
    • (2004) American Economic Review , vol.94 , pp. 1276-1302
    • Chen, J.1    Hong, H.2    Huang, M.3    Kubik, J.D.4
  • 5
    • 0034403599 scopus 로고    scopus 로고
    • The Value of Active Mutual Fund Management: An Examination of the Stockholdings and Trades of Fund Managers
    • Chen, H., N. Jegadeesh, and R. Wermers, 2000, "The Value of Active Mutual Fund Management: An Examination of the Stockholdings and Trades of Fund Managers," Journal of Financial and Quantitative Analysis, 35, 343-368.
    • (2000) Journal of Financial and Quantitative Analysis , vol.35 , pp. 343-368
    • Chen, H.1    Jegadeesh, N.2    Wermers, R.3
  • 6
    • 0030140198 scopus 로고    scopus 로고
    • The Structure of Mutual Fund Charges
    • Chordia, T., 1996, "The Structure of Mutual Fund Charges," Journal of Financial Economics, 41, 3-39.
    • (1996) Journal of Financial Economics , vol.41 , pp. 3-39
    • Chordia, T.1
  • 8
    • 0039561990 scopus 로고    scopus 로고
    • Measuring Mutual Fund Performance with Characteristic-Based Benchmarks
    • Daniel, K., M. Grinblatt, S. Titman, and R. Wermers, 1997, "Measuring Mutual Fund Performance with Characteristic-Based Benchmarks," Journal of Finance, 52, 1035-1058.
    • (1997) Journal of Finance , vol.52 , pp. 1035-1058
    • Daniel, K.1    Grinblatt, M.2    Titman, S.3    Wermers, R.4
  • 9
    • 0000446210 scopus 로고    scopus 로고
    • Investor Flows and the Assessed Performance of Open-End Mutual Funds
    • Edelen, R. M., 1999, "Investor Flows and the Assessed Performance of Open-End Mutual Funds," Journal of Financial Economics, 53, 439-466.
    • (1999) Journal of Financial Economics , vol.53 , pp. 439-466
    • Edelen, R.M.1
  • 12
    • 33645074940 scopus 로고    scopus 로고
    • Favoritism in Mutual Fund Families? Evidence on Strategic Cross-Fund Subsidization
    • Gasper, J., M. Massa, and P. Matos, 2005, "Favoritism in Mutual Fund Families? Evidence on Strategic Cross-Fund Subsidization," Journal of Finance, 61, 73-104.
    • (2005) Journal of Finance , vol.61 , pp. 73-104
    • Gasper, J.1    Massa, M.2    Matos, P.3
  • 15
    • 0001264756 scopus 로고
    • Mutual Fund Performance: An Analysis of Quarterly Portfolio Holdings
    • Grinblatt, M., and S. Titman, 1989, "Mutual Fund Performance: An Analysis of Quarterly Portfolio Holdings," Journal of Business, 62, 394-415.
    • (1989) Journal of Business , vol.62 , pp. 394-415
    • Grinblatt, M.1    Titman, S.2
  • 16
    • 84993660461 scopus 로고
    • The Persistence of Mutual Fund Performance
    • Grinblatt, M., and S. Titman, 1992, "The Persistence of Mutual Fund Performance," Journal of Finance, 47, 1977-1984.
    • (1992) Journal of Finance , vol.47 , pp. 1977-1984
    • Grinblatt, M.1    Titman, S.2
  • 17
    • 21144478549 scopus 로고
    • Performance Measurement without Benchmarks: An Examination of Mutual Fund Returns
    • Grinblatt, M., and S. Titman, 1993, "Performance Measurement without Benchmarks: An Examination of Mutual Fund Returns," Journal of Business, 66, 47-68.
    • (1993) Journal of Business , vol.66 , pp. 47-68
    • Grinblatt, M.1    Titman, S.2
  • 18
    • 84944832265 scopus 로고
    • On the Efficiency of Competitive Stock Markets Where Trades Have Diverse Information
    • Grossman, S. J., 1976, "On the Efficiency of Competitive Stock Markets Where Trades Have Diverse Information," Journal of Finance, 31, 573-585.
    • (1976) Journal of Finance , vol.31 , pp. 573-585
    • Grossman, S.J.1
  • 19
    • 0001188867 scopus 로고
    • On the Impossibility of Informationally Efficient Markets
    • Grossman, S. J., and J. E. Stiglitz, 1980, "On the Impossibility of Informationally Efficient Markets," American Economic Review, 70, 393-408.
    • (1980) American Economic Review , vol.70 , pp. 393-408
    • Grossman, S.J.1    Stiglitz, J.E.2
  • 20
    • 0039056269 scopus 로고    scopus 로고
    • Another Puzzle: The Growth in Actively Managed Mutual Funds
    • Gruber, M. J., 1996, "Another Puzzle: The Growth in Actively Managed Mutual Funds," Journal of Finance, 51, 783-810.
    • (1996) Journal of Finance , vol.51 , pp. 783-810
    • Gruber, M.J.1
  • 22
    • 0000088496 scopus 로고
    • On the Aggregation of Information in Competitive Markets
    • Hellwig, M., 1980, "On the Aggregation of Information in Competitive Markets," Journal of Economic Theory, 22, 477-498.
    • (1980) Journal of Economic Theory , vol.22 , pp. 477-498
    • Hellwig, M.1
  • 23
    • 2942710402 scopus 로고    scopus 로고
    • An Empirical Examination of Tax Factors and Mutual Funds' Stock Sales Decisions
    • Huddart, S. and V. G. Narayanan, 2002, "An Empirical Examination of Tax Factors and Mutual Funds' Stock Sales Decisions," Review of Accounting Studies, 7, 319-341.
    • (2002) Review of Accounting Studies , vol.7 , pp. 319-341
    • Huddart, S.1    Narayanan, V.G.2
  • 25
    • 0002311906 scopus 로고
    • Efficiency with Costly Information: A Study of Mutual Fund Performance, 1965-1984
    • Ippolito, R. A., 1989, "Efficiency with Costly Information: A Study of Mutual Fund Performance, 1965-1984," Quarterly Journal of Economics, 104, 1-24.
    • (1989) Quarterly Journal of Economics , vol.104 , pp. 1-24
    • Ippolito, R.A.1
  • 26
    • 33750598963 scopus 로고    scopus 로고
    • working paper, University of Georgia, Athens, GA
    • Irvine, P., M. Lipson, and A. Puckett, 2004, "Tipping," working paper, University of Georgia, Athens, GA.
    • (2004) Tipping
    • Irvine, P.1    Lipson, M.2    Puckett, A.3
  • 27
    • 0000486548 scopus 로고
    • The Performance of Mutual Funds in the Period 1945-1964
    • Jensen, M. C., 1968, "The Performance of Mutual Funds in the Period 1945-1964," Journal of Finance, 23, 389-416.
    • (1968) Journal of Finance , vol.23 , pp. 389-416
    • Jensen, M.C.1
  • 28
    • 0041028786 scopus 로고    scopus 로고
    • Evaluating Mutual Fund Performance
    • Kothari, S. P., and J. B. Warner, 2001, "Evaluating Mutual Fund Performance," Journal of Finance, 56, 1985-2010.
    • (2001) Journal of Finance , vol.56 , pp. 1985-2010
    • Kothari, S.P.1    Warner, J.B.2
  • 30
    • 84977716317 scopus 로고
    • Mutual Fund Performance Evaluation: A Comparison of Benchmarks and Benchmark Comparisons
    • Lehman, B. N., and D. M. Modest, 1987, "Mutual Fund Performance Evaluation: A Comparison of Benchmarks and Benchmark Comparisons," Journal of Finance, 42, 233-265.
    • (1987) Journal of Finance , vol.42 , pp. 233-265
    • Lehman, B.N.1    Modest, D.M.2
  • 31
    • 84993848940 scopus 로고
    • Returns from Investing in Equity Mutual Funds 1971-1991
    • Malkiel, B. G., 1995, "Returns From Investing in Equity Mutual Funds 1971-1991," Journal of Finance, 50, 549-572.
    • (1995) Journal of Finance , vol.50 , pp. 549-572
    • Malkiel, B.G.1
  • 32
    • 0040036183 scopus 로고    scopus 로고
    • Investment Decisions Depend on Portfolio Disclosures
    • Musto, D. K., 1999, "Investment Decisions Depend on Portfolio Disclosures," Journal of Finance, 54, 935-952.
    • (1999) Journal of Finance , vol.54 , pp. 935-952
    • Musto, D.K.1
  • 34
    • 0010104544 scopus 로고    scopus 로고
    • Are Investors Reluctant to Realize Their Losses?
    • Odean, T., 1998, "Are Investors Reluctant to Realize Their Losses?" Journal of Finance, 53, 1775-1798.
    • (1998) Journal of Finance , vol.53 , pp. 1775-1798
    • Odean, T.1
  • 35
    • 10244244372 scopus 로고    scopus 로고
    • working paper, Babcock Graduate School of Management, Wake Forest University, Winston-Salem, NC
    • O'Neal, E., 2001, "Window Dressing and Equity Mutual Funds," working paper, Babcock Graduate School of Management, Wake Forest University, Winston-Salem, NC.
    • (2001) Window Dressing and Equity Mutual Funds
    • O'Neal, E.1
  • 36
    • 0348223599 scopus 로고    scopus 로고
    • An Examination of the Performance of the Trades and Stock Holdings of Fund Managers: Further Evidence
    • Pinnuck, M., 2003, "An Examination of the Performance of the Trades and Stock Holdings of Fund Managers: Further Evidence," Journal of Financial and Quantitative Analysis, 38, 811-828.
    • (2003) Journal of Financial and Quantitative Analysis , vol.38 , pp. 811-828
    • Pinnuck, M.1
  • 37
    • 33748800990 scopus 로고    scopus 로고
    • Are IPO Allocations for Sale? Evidence from Mutual Funds
    • (forthcoming)
    • Reuter, J. M., (forthcoming), "Are IPO Allocations for Sale? Evidence from Mutual Funds," Journal of Finance.
    • Journal of Finance
    • Reuter, J.M.1
  • 38
    • 0005163859 scopus 로고    scopus 로고
    • Costly Search and Mutual Fund Flows
    • Sirri, E. R., and P. Tufano, 1998, "Costly Search and Mutual Fund Flows," Review of Financial Studies, 53, 1589-1622.
    • (1998) Review of Financial Studies , vol.53 , pp. 1589-1622
    • Sirri, E.R.1    Tufano, P.2
  • 40
    • 3042724911 scopus 로고    scopus 로고
    • U.S. Securities and Exchange Commission, U.S. Securities and Exchange Commission, Washington, DC
    • U.S. Securities and Exchange Commission, 2004, Proposed Rule: Mandatory Redemption Fees for Redeemable Fund Securities, U.S. Securities and Exchange Commission, Washington, DC.
    • (2004) Proposed Rule: Mandatory Redemption Fees for Redeemable Fund Securities
  • 41
    • 0000125897 scopus 로고
    • Information Acquisition in a Noisy Rational Expectations Economy
    • Verrecchia, R. E., 1982, "Information Acquisition in a Noisy Rational Expectations Economy," Econometrica, 50, 1415-1430.
    • (1982) Econometrica , vol.50 , pp. 1415-1430
    • Verrecchia, R.E.1
  • 42
    • 0006818286 scopus 로고    scopus 로고
    • Mutual Fund Herding and the Impact on Stock Prices
    • Wermers, R., 1999, "Mutual Fund Herding and the Impact on Stock Prices," Journal of Finance, 54, 581-622.
    • (1999) Journal of Finance , vol.54 , pp. 581-622
    • Wermers, R.1
  • 43
    • 0038185576 scopus 로고    scopus 로고
    • Mutual Fund Performance: An Empirical Decomposition into Stock-Picking Talent, Style, Transaction Costs, and Expenses
    • Wermers, R., 2000, "Mutual Fund Performance: An Empirical Decomposition into Stock-Picking Talent, Style, Transaction Costs, and Expenses," Journal of Finance, 55, 1655-1695.
    • (2000) Journal of Finance , vol.55 , pp. 1655-1695
    • Wermers, R.1
  • 44
    • 10144232746 scopus 로고    scopus 로고
    • The Potential Effects of More Frequent Portfolio Disclosure on Mutual Fund Performance
    • Wermers, R., 2001, "The Potential Effects of More Frequent Portfolio Disclosure on Mutual Fund Performance," Investment Company Institute Perspective, 7, 1-12.
    • (2001) Investment Company Institute Perspective , vol.7 , pp. 1-12
    • Wermers, R.1
  • 46
    • 0344943309 scopus 로고    scopus 로고
    • Who Cares about Shareholders? Arbitrage-Proofing Mutual Funds
    • Zitzewitz, Eric, 2003, "Who Cares About Shareholders? Arbitrage-Proofing Mutual Funds," Journal of Law, Economics, and Organization, 19, 245-280.
    • (2003) Journal of Law, Economics, and Organization , vol.19 , pp. 245-280
    • Zitzewitz, E.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.