The Relation between Mutual-Fund Flow, Trading Activity and Performance

The main contribution of this paper is the formal development of the argument that the effects of liquidity trade can confound inferences of fund managers' performance, and the demonstration of empirical evidence to support this argument.

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Year of publication:	1996
Authors:	Elden, R.M.
Institutions:	William E. Simon Graduate School of Business Administration, University of Rochester
Subject:	MANAGERS \| FINANCIAL ASSETS

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Series:	Rochester, Business - Ph.D.,.
Type of publication:	Book / Working Paper
Notes:	149 pages
Classification:	G12 - Asset Pricing ; G14 - Information and Market Efficiency; Event Studies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005207625