The American Economic Review, Volume 85American Economic Association., 1995 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges. |
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Página 1089
... funds . " If either irrationality or agency problems gen- erate these trading styles ( as discussed , for example , by Scharfstein and Stein [ 1990 ] ) , then mutual funds that exhibit these behaviors will tend to push the prices of ...
... funds . " If either irrationality or agency problems gen- erate these trading styles ( as discussed , for example , by Scharfstein and Stein [ 1990 ] ) , then mutual funds that exhibit these behaviors will tend to push the prices of ...
Página 1094
... funds buying winners , and not by selling losers . The results for LIM , Buy LIM , and Sell LIM are much the same . The L1M measure is significantly positive , on average , indicating that fund managers had a tendency to select stocks ...
... funds buying winners , and not by selling losers . The results for LIM , Buy LIM , and Sell LIM are much the same . The L1M measure is significantly positive , on average , indicating that fund managers had a tendency to select stocks ...
Página 1104
... funds tend to buy past winners , with herding in past winners appar- ently occurring as a result . V. Conclusion This paper characterizes some of the investment strategies of mutual funds and an- alyzes how these strategies relate to ...
... funds tend to buy past winners , with herding in past winners appar- ently occurring as a result . V. Conclusion This paper characterizes some of the investment strategies of mutual funds and an- alyzes how these strategies relate to ...
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