that investors punish bad performance by selling their shares, but also have a tendency to sell winners. Investors in large … fund families show higher sales and redemption rates. Furthermore, family size also affects the flow-performance … relationship. On the one hand, investors in large families punish bad performance more, on the other, they also tend to sell …

that investors punish bad performance by selling their shares, but also have a tendency to sell winners. Investors in large … fund families show higher sales and redemption rates. Further family size also affects the flow-performance relationship …: Investors in large families punish bad performance more. Last, we find that inner family rankings play an important part for …

that investors punish bad performance by selling their shares, but also have a tendency to sell winners. Investors in large … fund families show higher sales and redemption rates. Furthermore, family size also affects the flow-performance … relationship. On the one hand, investors in large families punish bad performance more, on the other, they also tend to sell …

that investors punish bad performance by selling their shares, but also have a tendency to sell winners. Investors in large … fund families show higher sales and redemption rates. Furthermore, family size also affects the flow-performance … relationship. On the one hand, investors in large families punish bad performance more, on the other, they also tend to sell …