Rong, LU; Longbing, XU; Xinhou, XIE; Baizhu, CHEN - In: Frontiers of Economics in China 3 (2008) 3, pp. 430-450
We examine the performance-flow relationship(PFR) in Chinese open-end fund market and find that PFR is negative and … an open-end fund performs, the higher the net redemption rate is. We argue that return volatility, dividend and fund size …