Narulita, Wista A.; Parwada, Jerry T. - In: Journal of International Financial Markets, … 22 (2012) 5, pp. 1217-1236
The mutual fund literature traditionally deals with the growth and decline of the funds management industry in a uni-dimensional, single equation framework. Numerous studies treat mutual fund starts, terminations, inflows, and outflows as independent phenomena. This paper investigates the role...