The new titans of Wall Street: A theoretical framework for passive investors
J Fisch, A Hamdani, SD Solomon - University of Pennsylvania Law Review, 2019 - JSTOR
Passive investors—ETFs and index funds—are the most important development in modern-
day capital markets, dictating trillions of dollars in capital flows and increasingly owning …
day capital markets, dictating trillions of dollars in capital flows and increasingly owning …
Institutional investors and stock return anomalies
We examine institutional demand prior to well-known stock return anomalies and find that
institutions have a strong tendency to buy stocks classified as overvalued (short leg of …
institutions have a strong tendency to buy stocks classified as overvalued (short leg of …
Managerial ability and real earnings management
XS Huang, L Sun - Advances in accounting, 2017 - Elsevier
Prior studies investigate the determinants and consequences of real earnings management
(REM) as a function of firm-specific characteristics. In this study, we examine how …
(REM) as a function of firm-specific characteristics. In this study, we examine how …
Window dressing in mutual funds
We provide a rationale for window dressing wherein investors respond to conflicting signals
of managerial ability inferred from a fund's performance and disclosed portfolio holdings. We …
of managerial ability inferred from a fund's performance and disclosed portfolio holdings. We …
Does mutual fund size matter? The relationship between size and performance
EJ Elton, MJ Gruber, CR Blake - The Review of Asset Pricing …, 2012 - academic.oup.com
Abstract make a theoretical argument that performance persistence should not exist since
new money flows into well-performing mutual funds and there are diseconomies of scale, or …
new money flows into well-performing mutual funds and there are diseconomies of scale, or …
Intermediary influence
K Judge - U. Chi. L. Rev., 2015 - HeinOnline
Intermediaries are a prominent feature of most modern markets, and with good reason.
Intermediaries can bridge in-formation asymmetries, enable parties to find one another, and …
Intermediaries can bridge in-formation asymmetries, enable parties to find one another, and …
Why do retail investors make costly mistakes? An experiment on mutual fund choice
JE Fisch, T Wilkinson-Ryan - University of Pennsylvania Law Review, 2014 - JSTOR
Mounting evidence demonstrates that retail investors make predicta costly mistakes. 1 They
save too little, they trade too frequently, they high and sell low, they invest in fad instruments …
save too little, they trade too frequently, they high and sell low, they invest in fad instruments …
Attracting flows by attracting big clients
We explore a new channel for attracting inflows using a unique data set of corporate 401 (k)
retirement plans and their mutual fund family trustees. Families secure substantial inflows by …
retirement plans and their mutual fund family trustees. Families secure substantial inflows by …
The impact of managerial ability on the relation between real earnings management and future firm's performance: Applied study
MI Hessian - International Journal of Business Ethics and …, 2019 - ijbeg.com
This study aims to investigate the managerial ability of executives' managers' role in
mitigating the negative impact of real earnings management on future firm's performance …
mitigating the negative impact of real earnings management on future firm's performance …
The investment performance, attributes, and investment behavior of ethical equity mutual funds in the US: an empirical investigation
S Rahman, CF Lee, Y Xiao - Review of Quantitative Finance and …, 2017 - Springer
This paper examines the investment performance of US ethical equity mutual funds relative
to the market and their traditional counterparts using a survivorship-bias-free database. We …
to the market and their traditional counterparts using a survivorship-bias-free database. We …