Liquidity, Investment Ability, and Mutual Fund Structure

By Vikram K. Nanda, M. P. Narayanan, Vincent A. Warther. 2000

208 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/71a3feae6e7f21553dba5748331058c07169ad62

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Richard Stanton
2. Jacob S. Sagi
3. M. Cherkes

In Finance

1. Richard Stanton
2. Jacob S. Sagi
3. M. Cherkes

Citations in the corpus

• Does motivation matter when assessing trade performance? An analysis of mutual funds (2007, unknown): “Chordia (1996), Edelen (1999), and Nanda, Narayanan, and Warther (2000) argue that open-end fund investors receive not only valuation expertise, but also diversified equity positions with, particularly for no-load funds, low direct costs for liquidity.”
• A Liquidity-Based Theory of Closed-End Funds (2009, background): “Chordia (1996) and Nanda et al. (2000) suggest that the direct and indirect costs arising from OEF flows can be reduced by imposing loads.”