- Out-of-Stock
Name Changes and Equity Mutual Fund Returns [extrait BMI 125]
- Write a review
€50.00
Tax included
Version numérique PDF
In this paper we conduct a study of the impact of name changes on equity fund returns for funds that are listed on the French market and that have changed their name over the period October 1999 to October 2009. We investigate whether name changes on the French market give rise to abnormal fund returns. We find out that a name change has an impact (event-induced variance effect) on the behavior of fund returns over a period of 6 months after the event. An analysis of the determinants of abnormal returns in absolute values allows us to conclude that fund inflows following name changes are not attracted by a fund?s past performance, what suggests a ?cosmetic effect?. Finally, we also show that funds with high past returns exhibit low cumulative abnormal returns after a name change. We conclude that it is difficult for managers to realize a higher return on the new inflows following a cosmetic name change.JEL Classification: G10Keywords: equity mutual funds; name change; cosmetic effect; event study.Auteurs :Broihanne Marie-Hélène
Extrait de la revue BMI 125
BMI125-1114609
New
Thank you for the reviews ! Your comment is submitted
16 other products in the same category:
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Sommaire
Articles
- Headquarters’ Control Capacity and the Choice of R&D Organizational Forms Abroad
- Equity Market Comovements and Financial Contagion: a Study of Latin America and the United States
- The Financial Volatility of Islamic Banks during the Subprime Crisis
- What Drives Stock Return Commonalities?
- Is there a “good” Measure of Market Risk during a Financial Crisis?
Availability: Out of stock
Availability: 100 In Stock
Sommaire
Articles
- New Challenges of ESG Issues
- Why are Mutual Fund Alphas Systematically Negative?
- Name Changes and Equity Mutual Fund Returns
- Does Corporate Governance Affect Stock Liquidity in the Tunisian Stock Market?
Focus On
- Prepacks
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Sommaire
Articles
- Determinants of the Financial Performance of Major European Banks
- Market Risk Measurement Models: Estimation of Volatility and Correlation
- Stock Index Futures Dynamics : Evidence from France
- Herding in French Stock Markets: Empirical Evidence from Equity Mutual Funds
- Microfinance Institutions Ratings: The Influence of Board Characteristics
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Sommaire
Articles
- Headquarters’ Control Capacity and the Choice of R&D Organizational Forms Abroad
- Equity Market Comovements and Financial Contagion: a Study of Latin America and the United States
- The Financial Volatility of Islamic Banks during the Subprime Crisis
- What Drives Stock Return Commonalities?
- Is there a “good” Measure of Market Risk during a Financial Crisis?
Availability: Out of stock
Availability: 100 In Stock
Sommaire
Articles
- New Challenges of ESG Issues
- Why are Mutual Fund Alphas Systematically Negative?
- Name Changes and Equity Mutual Fund Returns
- Does Corporate Governance Affect Stock Liquidity in the Tunisian Stock Market?
Focus On
- Prepacks
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Sommaire
Articles
- Determinants of the Financial Performance of Major European Banks
- Market Risk Measurement Models: Estimation of Volatility and Correlation
- Stock Index Futures Dynamics : Evidence from France
- Herding in French Stock Markets: Empirical Evidence from Equity Mutual Funds
- Microfinance Institutions Ratings: The Influence of Board Characteristics
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Availability: Out of stock
Sommaire
Articles
- Headquarters’ Control Capacity and the Choice of R&D Organizational Forms Abroad
- Equity Market Comovements and Financial Contagion: a Study of Latin America and the United States
- The Financial Volatility of Islamic Banks during the Subprime Crisis
- What Drives Stock Return Commonalities?
- Is there a “good” Measure of Market Risk during a Financial Crisis?