Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds

Cilt: 6 Sayı: 2 1 Nisan 2016
  • Zia-ur-Rehman Rao
  • Muhammad Zubair Tauni
  • Ajid Ur Rehman
International Journal of Economics and Financial Issues Kapak
International Journal of Economics and Financial Issues
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Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds

Abstract

We investigate the relationship of fund flow and fund performance by using the sample of 557 Chinese equity mutual funds for the period of 11 years. We apply fund fixed effect regression model on unbalanced panel data and find that relationship between fund flow and fund performance is positive. Like previous studies, our findings also exhibit the asymmetric flow-performance relationship which implies that investors’ response is more sensitive to good past performance as compared to bad past performance. Furthermore, size and age of fund weaken the flow-performance relationship.

Keywords

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

-

Yazarlar

Zia-ur-Rehman Rao Bu kişi benim

Muhammad Zubair Tauni Bu kişi benim

Ajid Ur Rehman Bu kişi benim

Yayımlanma Tarihi

1 Nisan 2016

Gönderilme Tarihi

1 Nisan 2016

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2016 Cilt: 6 Sayı: 2

IZ

https://izlik.org/JA94NZ38HJ

Kaynak Göster

RIS / Bibtex
APA
Rao, Z.- ur-R., Tauni, M. Z., & Rehman, A. U. (2016). Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds. International Journal of Economics and Financial Issues, 6(2), 492-496. https://izlik.org/JA94NZ38HJ
AMA
1.Rao Z ur R, Tauni MZ, Rehman AU. Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds. IJEFI. 2016;6(2):492-496. https://izlik.org/JA94NZ38HJ
Chicago
Rao, Zia-ur-Rehman, Muhammad Zubair Tauni, ve Ajid Ur Rehman. 2016. “Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds”. International Journal of Economics and Financial Issues 6 (2): 492-96. https://izlik.org/JA94NZ38HJ.
EndNote
Rao Z- ur-R, Tauni MZ, Rehman AU (01 Nisan 2016) Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds. International Journal of Economics and Financial Issues 6 2 492–496.
IEEE
[1]Z.- ur-R. Rao, M. Z. Tauni, ve A. U. Rehman, “Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds”, IJEFI, c. 6, sy 2, ss. 492–496, Nis. 2016, [çevrimiçi]. Erişim adresi: https://izlik.org/JA94NZ38HJ
ISNAD
Rao, Zia-ur-Rehman - Tauni, Muhammad Zubair - Rehman, Ajid Ur. “Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds”. International Journal of Economics and Financial Issues 6/2 (01 Nisan 2016): 492-496. https://izlik.org/JA94NZ38HJ.
JAMA
1.Rao Z- ur-R, Tauni MZ, Rehman AU. Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds. IJEFI. 2016;6:492–496.
MLA
Rao, Zia-ur-Rehman, vd. “Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds”. International Journal of Economics and Financial Issues, c. 6, sy 2, Nisan 2016, ss. 492-6, https://izlik.org/JA94NZ38HJ.
Vancouver
1.Zia-ur-Rehman Rao, Muhammad Zubair Tauni, Ajid Ur Rehman. Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds. IJEFI [Internet]. 01 Nisan 2016;6(2):492-6. Erişim adresi: https://izlik.org/JA94NZ38HJ