Liquidity Timing Ability of Fund Managers under Changing Market Dynamics

Hale Yalçın; Sema Dube

Liquidity Timing Ability of Fund Managers under Changing Market Dynamics

Abstract

We examine the liquidity timing ability of Turkish variable fund managers during 2011-2018, and how this ability is affected by the environmental factors such as the technological advancement level, the presence of derivatives market, the growth in the overall economy, the level of market openness, and the performance of portfolios for bond, gold, real estate, foreign exchange, emerging markets. We use interaction variables within a panel data framework. We find strong evidence of the liquidity timing ability of mutual fund managers even after controlling for environmental factors. The nature of the interactions for most of the control factors with liquidity timing ability is strongly significant and differs based on the factor.

Keywords

References

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Details

Primary Language

English

Subjects

Operation

Journal Section

Research Article

Authors

Hale Yalçın This is me
0000-0003-0807-0102
Türkiye

Sema Dube This is me
0000-0003-2092-7308
Türkiye

Publication Date

December 31, 2020

Submission Date

January 15, 2021

Acceptance Date

March 22, 2021

Published in Issue

Year 2020 Volume: 1 Number: 1

IZ

https://izlik.org/JA49FB48YN

Cite

RIS / Bibtex

APA

Yalçın, H., & Dube, S. (2020). Liquidity Timing Ability of Fund Managers under Changing Market Dynamics. Journal of Sustainable Economics and Management Studies, 1(1), 46-59. https://izlik.org/JA49FB48YN

AMA

1.Yalçın H, Dube S. Liquidity Timing Ability of Fund Managers under Changing Market Dynamics. ECOMAN. 2020;1(1):46-59. https://izlik.org/JA49FB48YN

Chicago

Yalçın, Hale, and Sema Dube. 2020. “Liquidity Timing Ability of Fund Managers under Changing Market Dynamics”. Journal of Sustainable Economics and Management Studies 1 (1): 46-59. https://izlik.org/JA49FB48YN.

EndNote

Yalçın H, Dube S (December 1, 2020) Liquidity Timing Ability of Fund Managers under Changing Market Dynamics. Journal of Sustainable Economics and Management Studies 1 1 46–59.

IEEE

[1]H. Yalçın and S. Dube, “Liquidity Timing Ability of Fund Managers under Changing Market Dynamics”, ECOMAN, vol. 1, no. 1, pp. 46–59, Dec. 2020, [Online]. Available: https://izlik.org/JA49FB48YN

ISNAD

Yalçın, Hale - Dube, Sema. “Liquidity Timing Ability of Fund Managers under Changing Market Dynamics”. Journal of Sustainable Economics and Management Studies 1/1 (December 1, 2020): 46-59. https://izlik.org/JA49FB48YN.

JAMA

1.Yalçın H, Dube S. Liquidity Timing Ability of Fund Managers under Changing Market Dynamics. ECOMAN. 2020;1:46–59.

MLA

Yalçın, Hale, and Sema Dube. “Liquidity Timing Ability of Fund Managers under Changing Market Dynamics”. Journal of Sustainable Economics and Management Studies, vol. 1, no. 1, Dec. 2020, pp. 46-59, https://izlik.org/JA49FB48YN.

Vancouver

1.Hale Yalçın, Sema Dube. Liquidity Timing Ability of Fund Managers under Changing Market Dynamics. ECOMAN [Internet]. 2020 Dec. 1;1(1):46-59. Available from: https://izlik.org/JA49FB48YN