Out of Sight, Out of Mind: The Effects of Expenses on Mutual Fund Flows*

By Brad M. Barber, Terrance Odean, Lu Zheng. 2005

800 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/5ea33a06ee1ab9c55da37b55bc30d1e071781d26

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Citations in the corpus

Status Quo Bias and the Number of Alternatives: An Empirical Illustration from the Mutual Fund Industry (2006, neutral): “, Barber et al. (2004)):”
Mandatory CSR and sustainability reporting: economic analysis and literature review (2019, background): “…processing information is costly and that users of financial reports often have limited attention or limited processing ability (e.g., Merton 1987; Barber et al. 2005; Barber and Odean 2008), adding boilerplate language is not innocuous, especially if it obfuscates or crowds out more relevant…”
Individual Investor Mutual-Fund Flows (2009, neutral): “In contrast with Barber, Odean, and Zheng (2005) , our specifications uncover sensitivity of net flows to expense ratios; moreover, both inflows and outflows are positively related with expense ratios, with the relation being more pronounced for inflows.”
Mutual Fund Attributes and Investor Behavior (2007, background): “Dollar flows in (2) are often rescaled to percentage flows by dividing DFi,t by TNAi,t−1 as in Del Guercio and Tkac (2002), Sirri and Tufano (1998), and Barber, Odean, and Zheng (2005).”
Dumb Money: Mutual Fund Flows and the Cross-Section of Stock Returns (2008, background): “Following Barberis and Shleifer (2004), Teo and Woo (2004) consider categorical thinking by mutual fund investors along the dimensions of large/small or value/growth.”
Sex matters: Gender differences in a professional setting (2007, methodology): “Firstly, we follow Barber, Odean, and Zheng (2005) and estimate a quadratic performance flow relationship.25 Alternatively, we use a piecewise linear regression approach as suggested by Sirri and Tufano (1998) and estimate distinct slope coefficients for different performance quintiles.26 We also…”
How Does Simplified Disclosure Affect Individuals' Mutual Fund Choices? (2009, background): “See also Elton, Gruber, and Busse (2004); Barber, Odean, and Zheng (2005); Cronqvist (2006); and Choi, Laibson, and Madrian (2010) for other evidence of irrational investor behavior with respect to mutual fund fees.”
Winners in the Spotlight: Media Coverage of Fund Holdings as a Driver of Flows (2014, background): “Previous research has studied the implications of investor attention in the context of mutual fund fees (Barber, Odean, and Zheng, 2005).”
Are There Disadvantaged Clienteles in Mutual Funds? (2010, result): “Note that Barber et al. (2005) find similar results for US mutual funds with an average holding period of 30 months in the late 1990s.”
Undeserved Loss: The Spread of Legitimacy Loss to Innocent Organizations in Response to Reported Corporate Deviance (2009, background): “We included some control variables that may be related to buy and sell activity in mutual funds (e.g., Sirri and Tufano, 1998; Del Guercio and Tkac, 2002; Barber, Odean, and Zheng, 2005).”
The Impact of Shrouded Fees: Evidence from a Natural Experiment in the Indian Mutual Funds Market (2012, background): “Because initial issue expenses were typically amortized over three years, the amounts removed for these costs are likely to have been hidden amongst market movements over time (Barber et al., 2005).”