Determinants of mutual fund flows
dc.contributor.advisor | Starks, Laura T. | en |
dc.contributor.committeeMember | Titman, Sheridan | en |
dc.contributor.committeeMember | Almazan, Andres | en |
dc.contributor.committeeMember | Anderson, Edward | en |
dc.contributor.committeeMember | Hartzell, Jay | en |
dc.creator | Gallaher, Steven Timothy | en |
dc.date.accessioned | 2011-07-06T15:40:49Z | en |
dc.date.available | 2011-07-06T15:40:49Z | en |
dc.date.issued | 2011-05 | en |
dc.date.submitted | May 2011 | en |
dc.date.updated | 2011-07-06T15:40:55Z | en |
dc.description | text | en |
dc.description.abstract | I investigate mutual fund flows at the individual fund and at the fund family level. At the individual, I use SEC filings to decompose fund flows into inflows and outflows. This decomposition of net flows into its component parts provides a way to examine differences in how search costs and investor learning affect investors who are entering a fund (or adding to their investments) versus those investors who are leaving a fund (or decreasing their investments). I then examine the effect of the existence of an advertisement for the fund on these investors. At the mutual fund family level, I examine how the characteristics and performance of mutual fund families affect the flows to the family as a whole. I then examine the effects of advertising expenditures on flows to the fund family. | en |
dc.description.department | Finance | en |
dc.format.mimetype | application/pdf | en |
dc.identifier.slug | 2152/ETD-UT-2011-05-3169 | en |
dc.identifier.uri | http://hdl.handle.net/2152/ETD-UT-2011-05-3169 | en |
dc.language.iso | eng | en |
dc.subject | Mutual funds | en |
dc.subject | Net flows | en |
dc.subject | Advertising | en |
dc.subject | Mutual fund families | en |
dc.subject | Trading | en |
dc.subject | Investments | en |
dc.title | Determinants of mutual fund flows | en |
dc.type.genre | thesis | en |
thesis.degree.department | Finance | en |
thesis.degree.discipline | Finance | en |
thesis.degree.grantor | University of Texas at Austin | en |
thesis.degree.level | Doctoral | en |
thesis.degree.name | Doctor of Philosophy | en |