Where do “impatient” mutual funds invest? A special attraction for large proximate markets and companies with strategic investors

Stéphanie Lavigne, Dalila Nicet-Chenaf and Claude Dupuy
Authors registered in the RePEc Author Service: Dalila Nicet - Chenaf ()

Cahiers du GREThA (2007-2019) from Groupe de Recherche en Economie Théorique et Appliquée (GREThA)

Abstract: Our study examines the investment determinants of worldwide mutual funds from the perspective of economic geography. In particular, we investigate the preference of “impatient” mutual funds for specific countries. By analyzing a sample of 22,996 worldwide mutual funds over the period (2005-2009), we demonstrate that “impatient” mutual funds are favorable to large stock markets, markets with a high level of protection for shareholders, markets with familiar institutional practices and markets dominated by the presence of “strategic” investors as main shareholders of large listed companies.

Keywords: geography of finance; mutual funds; “impatient” investors; portfolio turnover (search for similar items in EconPapers)
JEL-codes: G11 G15 G20 P10 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-geo
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://cahiersdugretha.u-bordeaux.fr/2013/2013-12.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:grt:wpegrt:2013-12

Access Statistics for this paper

More papers in Cahiers du GREThA (2007-2019) from Groupe de Recherche en Economie Théorique et Appliquée (GREThA) Contact information at EDIRC.
Bibliographic data for series maintained by Ernest Miguelez ().