The Role of Mutual Funds in Corporate Social Responsibility
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Business Ethics"
DOI: 10.1007/s10551-020-04618-x
Abstract: This paper examines the role of mutual funds in corporate social responsibility (CSR). Using a fund-level, holdings-based CSR score, we find that CSR-friendly mutual funds improve firms’ CSR standings. This effect is more pronounced for… read more here.
Keywords: social responsibility; mutual funds; funds corporate; corporate social ... See more keywords
Big moves of mutual funds
Sign Up to like & getrecommendations! Published in 2019 at "Eurasian Economic Review"
DOI: 10.1007/s40822-018-0104-6
Abstract: Previous research suggests that short-sellers correctly anticipate that big moves by one or more mutual funds cause temporary price distortions. By moving in the opposite direction to those trades, short-sellers outsmart mutual funds. This appears… read more here.
Keywords: risk neutral; mutual funds; big moves; moves mutual ... See more keywords
Friend or foe: On a common shareholder relationship between mutual funds and public companies
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Financial Markets"
DOI: 10.1016/j.finmar.2021.100673
Abstract: Abstract We examine a novel business tie between mutual funds and public firms in China via a common shareholder (CS) relationship, in which a fund management company (FMC)'s shareholder also has a substantial stake in… read more here.
Keywords: shareholder; mutual funds; common shareholder; funds public ... See more keywords
What influences portfolio contagion among open-end mutual funds?
Sign Up to like & getrecommendations! Published in 2019 at "Finance Research Letters"
DOI: 10.1016/j.frl.2018.06.011
Abstract: Abstract This paper investigates the time-varying impacts of macroeconomic factors on portfolio contagion. Mining and using overlapping portfolio data covering more than 600 open-end mutual funds and 1900 stocks in China's stock market from 2007… read more here.
Keywords: portfolio contagion; open end; portfolio; end mutual ... See more keywords
How socially irresponsible are socially responsible mutual funds? A persistence analysis.
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DOI: 10.1016/j.frl.2021.101990
Abstract: Abstract Based on a dataset of over 400 fund compositions in the years 2003-2018 this paper analyzes the persistence of controversies scores and environmental, social, governance (ESG) scores in socially responsible US mutual funds. As… read more here.
Keywords: socially responsible; persistence; irresponsible socially; mutual funds ... See more keywords
Culture and mutual funds’ performance
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DOI: 10.1016/j.frl.2021.102466
Abstract: Abstract This paper investigates how culture affects US global mutual funds’ financial performance. I show that cultural dimensions are crucial not only for portfolio allocation choices but also for assessing the performance of institutional investors.… read more here.
Keywords: culture mutual; mutual funds; funds performance; finance ... See more keywords
Sovereign CDS and mutual funds: Global evidence
Sign Up to like & getrecommendations! Published in 2021 at "Journal of International Financial Markets, Institutions and Money"
DOI: 10.1016/j.intfin.2021.101354
Abstract: Abstract In this paper, we study the impact of sovereign CDS on equity mutual funds across 24 developed and emerging market countries. Our investigation builds on the premise that mutual funds flow and performance respond… read more here.
Keywords: cds spreads; sovereign cds; cds mutual; mutual funds ... See more keywords
The performance of US bond mutual funds
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DOI: 10.1016/j.irfa.2018.12.001
Abstract: We evaluate the performance of the US bond mutual fund industry using a comprehensive sample of bond funds over a long time period from January 1998 to February 2017. In this one study, we examine… read more here.
Keywords: performance; bond mutual; market timing; performance bond ... See more keywords
Carbon-intensive industries in Socially Responsible mutual funds' portfolios
Sign Up to like & getrecommendations! Published in 2021 at "International Review of Financial Analysis"
DOI: 10.1016/j.irfa.2021.101740
Abstract: Abstract In this research, I study the exposure of Socially Responsible mutual funds (SR) to black industries (i.e., carbon-intensive sectors: fossil fuel, metal and utilities) and its effect on the financial performance. To this purpose,… read more here.
Keywords: socially responsible; carbon intensive; fossil fuel; mutual funds ... See more keywords
Style drift: Evidence from small-cap mutual funds
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Banking and Finance"
DOI: 10.1016/j.jbankfin.2017.01.009
Abstract: This paper documents that small-cap mutual funds allocate on average 27% of their portfolio to mid- and large-cap stocks. We find that larger and older small-cap funds are more likely to hold mid- and large-cap… read more here.
Keywords: mutual funds; large cap; small cap; mid large ... See more keywords
The small IPO and the investing preferences of mutual funds
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Corporate Finance"
DOI: 10.1016/j.jcorpfin.2017.08.008
Abstract: We examine how liquidity and return concerns at large mutual funds explain their diminished participation in small IPOs since the late 1990s. Using 5825 IPOs and portfolio-level information for 37,052 funds, we exploit Russia's 1998… read more here.
Keywords: ipo investing; liquidity; mutual funds; investing preferences ... See more keywords