Demand and management of mutual funds
This doctoral thesis proposes the evaluation of different aspects related to the efficiency and analysis of the behaviour of mutual funds and their demand. The sample analysed focuses on more than 17,000 share-classes related to 5,255 US open-end funds that invest mainly in equities of the same mark...
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| Tipo de recurso: | tesis doctoral |
| Estado: | Versión publicada |
| Fecha de publicación: | 2019 |
| País: | España |
| Institución: | CBUC, CESCA |
| Repositorio: | TDR. Tesis Doctorales en Red |
| OAI Identifier: | oai:www.tdx.cat:10803/665469 |
| Acceso en línea: | http://hdl.handle.net/10803/665469 http://dx.doi.org/10.6035/14102.2019.191989 |
| Access Level: | acceso abierto |
| Palabra clave: | Ciencias económicas Consumo, ahorro e inversión Sector de finanzas y seguros Gestión financiera Actividad económica Organización y gestión de empresas Negocis, administració i dret 33 336 |
| Sumario: | This doctoral thesis proposes the evaluation of different aspects related to the efficiency and analysis of the behaviour of mutual funds and their demand. The sample analysed focuses on more than 17,000 share-classes related to 5,255 US open-end funds that invest mainly in equities of the same market. This thesis contributes to the extant literature on estimating properly the mutual fund demand and the effect of its determinants, as well as on assessing both the behaviour and the performance of the funds in relation to their level of management activity. The implications of these studies are of interest for investors and managers (in optimizing the financial results of their investments), and for regulators and other stakeholders (in order to conduct the necessary actions to facilitate and improve the publicly available information on equity mutual funds). |
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