In this paper we analyze the network structure of stocks (as actors in a 2-mode/affiliation social network) and their relationship to mutual funds. The analysis reveals a network structure that has both the “hub” and “small world” characteristics of many common social and physical...

This paper investigates the purchases and redemptions of a large cross-sectional sample of German equity funds. We find 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...

This paper investigates the purchases and redemptions of a large cross-sectional sample of German equity funds. We find 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...