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題名:基金流量對經理人換股操作行為之研究
書刊名:財務金融學刊
作者:李春安 引用關係賴弘程
作者(外文):Li, Chun-anLai, Hung-cheng
出版日期:2009
卷期:17:3
頁次:頁157-182
主題關鍵詞:開放式基金基金流量基金經理人行為Open-end fundFund flowsFund managers' behavior
原始連結:連回原系統網址new window
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  • 被引用次數被引用次數:期刊(0) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:0
  • 共同引用共同引用:26
  • 點閱點閱:76
This study examines the impact of fund flows on fund managers' trading behavior. The empirical results show that liquidity-motivated trading by fund managers has a statistically significant negative effect on fund portfolio. Besides, in the data sets grouped by market condition and turnover rate, the effect of fund flows on fund managers' behavior has different level in each group.
期刊論文
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6.O'Neal, E. S.(2004)。Purchase and Redemption Patterns of US Equity Mutual Funds。Financial Management,33(1),63-91。  new window
7.Volkman, D. A.、Wohar, M. E.。Determinants of Persistence in Relative Performance of Mutual Funds。Journal of Financial Research,18,415-430。  new window
8.Gruber, M.。Another Puzzle: The Growth in Actively Managed Mutual Funds。Journal of Finance,51,783-810。  new window
9.葉銀華、陳志偉、邱顯比(200004)。基金經理人裁量性投資行為之研究。中國財務學刊,8(1),1-31。new window  延伸查詢new window
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11.Froot, K. A.、O'Connell, P. G.、Seasholes, M. S.(2000)。The Portfolio Flows of International Investors。Journal of Financial Economics,59(2),151-193。  new window
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13.Warther, V. A.(1995)。Aggregate mutual fund flows and security returns。Journal of Financial Economics,39,209-235。  new window
14.林美珍(20040800)。Mutual Fund Tournament in the Taiwan Market: Risk-Taking, Turnover, and Investors Rewards。財務金融學刊,12(2),87-142。  new window
15.Grinblatt, Mark、Titman, Sheridan(1989)。Mutual fund performance: an analysis of quarterly portfolio holdings。Journal of Business,62(3),393-416。  new window
16.Ippolito, Richard A.(1992)。Consumer reaction to measures of poor quality: Evidence from the mutual fund industry。The Journal of Law & Economics,35(1),45-70。  new window
17.Zheng, Lu(1999)。Is Money Smart? A Study of Mutual Fund Investors' Fund Selection Ability。Journal of Finance,54(3),901-933。  new window
18.Brown, Keith C.、Harlow, W. V.、Starks, Laura T.(1996)。Of Tournaments and Temptations: An Analysis of Managerial Incentives in the Mutual Fund Industry。Journal of Finance,51(1),85-110。  new window
19.Wermers, R.(2000)。Mutual Fund Performance: An Empirical Decomposition into Stock-Picking, Talent, Style, Transactions Costs, and Expense。Journal of Finance,55(4),1655-1703。  new window
20.Sirri, E. R.、Tufano, P.(1998)。Costly Search and Mutual Fund Flows。Journal of Finance,53(5),1589-1622。  new window
21.Chevalier, Judith、Ellison, Glenn(1997)。Risk Taking by Mutual Funds as a Response To Incentives。Journal of Political Economy,105(6),1167-1200。  new window
22.Woerheide, W.(1982)。Investor Response to Suggested Criteria for the Selection of Mutual Funds。Journal of Financial and Quantitative Analysis,17(1),129-137。  new window
23.Shapira, Z.、Venezia, I.(2001)。Patterns of Behavior of Professionally Managed and Independent Investors。Journal of Banking and Finance,25(8),1573-1587。  new window
24.Hausman, Jerry A.(1978)。Specification tests in econometrics。Econometrica: Journal of the Econometric Society,46(6),1251-1271。  new window
25.Fabozzi, Frank J.、Francis, Jack C.(1979)。Mutual Fund Systematic Risk for Bull and Bear Markets: An Empirical Examination。Journal of Finance,34(5),1243-1250。  new window
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27.Fant, L. F.、O'Neal, E. S.。Temporal Changes in the Determinants of Mutual Flows。Journal of Financial Research,23,353-372。  new window
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29.Gervais, S.、Odean, T.。Learning to be Overconfident。Reviews of Financial Studies,14,1-27。  new window
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31.Henriksson, R. D.、Merton, R. C.。On the Market Timing and Investment Performance of Managed Portfolios II - Statistical Procedures for Evaluating Forecasting Skills。Journal of Business,54,513-533。  new window
32.Jain, P. C.、Wu, J. S.。Truth in Mutual Fund Advertising: Evidence on Future Performance and Fund Flows。Journal of Finance,55,937-958。  new window
33.Sawicki, J.。Investors' Differential Response to Managed Fund Performance。Journal of Financial Research,24,367-384。  new window
34.Wermers, R.。The Potential Effects of More Frequent Portfolio Disclosure on Mutual Fund Performance。Investment Company Institute Perspective,7,1-11。  new window
研究報告
1.Ge, W.、Zheng, L.。The Frequency of Mutual Fund Portfolio Disclosure。  new window
 
 
 
 
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