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Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds

Yıl 2016, Cilt: 6 Sayı: 2, 492 - 496, 01.04.2016

Zia-ur-Rehman Rao Muhammad Zubair Tauni Ajid Ur Rehman

Öz

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.

Anahtar Kelimeler

Fund Flow Mutual funds China Flow-Performance Relationship

Yıl 2016, Cilt: 6 Sayı: 2, 492 - 496, 01.04.2016

Zia-ur-Rehman Rao Muhammad Zubair Tauni Ajid Ur Rehman

Öz

Toplam 0 adet kaynakça vardır.

Ayrıntılar

Diğer ID JA94TZ78KU
Bölüm Araştırma Makalesi
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
Yayımlandığı Sayı Yıl 2016 Cilt: 6 Sayı: 2

Kaynak Göster

APA Rao, Z.-u.-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.
AMA Rao ZuR, Tauni MZ, Rehman AU. Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds. IJEFI. Nisan 2016;6(2):492-496.
Chicago Rao, Zia-ur-Rehman, Muhammad Zubair Tauni, ve Ajid Ur Rehman. “Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds”. International Journal of Economics and Financial Issues 6, sy. 2 (Nisan 2016): 492-96.
EndNote Rao Z-u-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 Z.-u.-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, 2016.
ISNAD Rao, Zia-ur-Rehman vd. “Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds”. International Journal of Economics and Financial Issues 6/2 (Nisan 2016), 492-496.
JAMA Rao Z-u-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, 2016, ss. 492-6.
Vancouver Rao Z-u-R, Tauni MZ, Rehman AU. Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds. IJEFI. 2016;6(2):492-6.