This study examines the impact of multi-tasking teams on fund performance. We find that while managerial multi-tasking has a negative impact on fund performance, teamwork can mitigate the adverse effect associated with managerial multi-tasking, which is indicative of superior performance of...

It is well-documented that mutual fund flows are positively related to funds' past performance. This paper focuses on the time-series variation of the performance-flow relationship. I find that investors are more sensitive to fund performance in some periods than other periods and that the...

It is well-documented that mutual fund flows are positively related to funds' past performance. This paper focuses on the time-series variation of the performance-flow relationship. I find that investors are more sensitive to fund performance in some periods than other periods and that the...