Investor monitoring and differences in mutual fund performance

By Christopher M. James, Jason Karceski. 2006

149 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/54a25d22498224ed594dc52f35dbf8eb0b65e963

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Citations in the corpus

Mutual Fund Performance and the Incentive to Generate Alpha (2012, background): “See Christoffersen, Evans, and Musto (2012) for a detailed analysis of captive versus wholesale salesforce fund distribution, including the compensation arrangements between fund families and their salesforces.”
Affiliated mutual funds and analyst optimism (2007, unknown): “As shown by James and Karceski (2006), retail investors drive the positive relation between past performance and subsequent inflows. Retail investors who are likely to chase past returns are also most responsive to analyst recommendations (Malmendier and Shanthikumar, 2007). We measure an analyst’s ”
Payoff complementarities and financial fragility: Evidence from mutual fund outflows $ (2010, background): “Prior literature has established that institutional investors in mutual funds behave differently from retail investors (James and Karceski (2006)).”
The flow-performance relationship around the world (2012, unknown): “In addition, prior studies across investors with different levels of sophistication (James and Karceski, 2006) find that retail fund investors chase good performance significantly more than institutional fund investors, while there is no difference between these two types of investors at the bottom ”
Are There Disadvantaged Clienteles in Mutual Funds? (2010, background): “James & Karceski (2006) observe differences between investors in institutional and retail funds and Chen, Yao & Yu (2007) find differences between the clientele of funds issued by insurance and non-insurance companies.”