Essec\Faculty\Model\Contribution {#2216
  #_index: "academ_contributions"
  #_id: "10476"
  #_source: array:26 [
    "id" => "10476"
    "slug" => "the-flow-performance-relationship-around-the-world"
    "yearMonth" => "2012-01"
    "year" => "2012"
    "title" => "The flow-performance relationship around the world"
    "description" => "RAMOS, S., FERREIRA, M., KESWANI, A. et MIGUEL, A. (2012). The flow-performance relationship around the world. <i>Journal of Banking & Finance</i>, 36(6), pp. 1759-1780."
    "authors" => array:4 [
      0 => array:3 [
        "name" => "RAMOS Sofia"
        "bid" => "B00683001"
        "slug" => "ramos-sofia"
      ]
      1 => array:1 [
        "name" => "FERREIRA Miguel"
      ]
      2 => array:1 [
        "name" => "KESWANI Aneel"
      ]
      3 => array:1 [
        "name" => "MIGUEL António"
      ]
    ]
    "ouvrage" => ""
    "keywords" => array:4 [
      0 => "mutual funds"
      1 => "Flow-performance relationship"
      2 => "Mutual fund flows"
      3 => "Convexity"
    ]
    "updatedAt" => "2021-07-13 14:31:36"
    "publicationUrl" => "https://doi.org/10.1016/j.jbankfin.2012.01.019"
    "publicationInfo" => array:3 [
      "pages" => "1759-1780"
      "volume" => "36"
      "number" => "6"
    ]
    "type" => array:2 [
      "fr" => "Articles"
      "en" => "Journal articles"
    ]
    "support_type" => array:2 [
      "fr" => "Revue scientifique"
      "en" => "Scientific journal"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => """
        We use a new dataset to study how mutual fund flows depend on past performance across 28 countries.\n
        We show that there are marked differences in the flow-performance relationship across countries, suggesting\n
        that US findings concerning its shape do not apply universally. We find that mutual fund investors\n
        sell losers more and buy winners less in more developed countries. This is because investors in more\n
        developed countries are more sophisticated and face lower costs of participating in the mutual fund\n
        industry. Higher country-level convexity is positively associated with higher levels of risk taking by fund\n
        managers.
        """
      "en" => """
        We use a new dataset to study how mutual fund flows depend on past performance across 28 countries.\n
        We show that there are marked differences in the flow-performance relationship across countries, suggesting\n
        that US findings concerning its shape do not apply universally. We find that mutual fund investors\n
        sell losers more and buy winners less in more developed countries. This is because investors in more\n
        developed countries are more sophisticated and face lower costs of participating in the mutual fund\n
        industry. Higher country-level convexity is positively associated with higher levels of risk taking by fund\n
        managers.
        """
    ]
    "authors_fields" => array:2 [
      "fr" => "Finance"
      "en" => "Finance"
    ]
    "indexedAt" => "2024-12-03T17:21:44.000Z"
    "docTitle" => "The flow-performance relationship around the world"
    "docSurtitle" => "Journal articles"
    "authorNames" => "<a href="/cv/ramos-sofia">RAMOS Sofia</a>, FERREIRA Miguel, KESWANI Aneel, MIGUEL António"
    "docDescription" => "<span class="document-property-authors">RAMOS Sofia, FERREIRA Miguel, KESWANI Aneel, MIGUEL António</span><br><span class="document-property-authors_fields">Finance</span> | <span class="document-property-year">2012</span>"
    "keywordList" => "<a href="#">mutual funds</a>, <a href="#">Flow-performance relationship</a>, <a href="#">Mutual fund flows</a>, <a href="#">Convexity</a>"
    "docPreview" => "<b>The flow-performance relationship around the world</b><br><span>2012-01 | Journal articles </span>"
    "docType" => "research"
    "publicationLink" => "<a href="https://doi.org/10.1016/j.jbankfin.2012.01.019" target="_blank">The flow-performance relationship around the world</a>"
  ]
  +lang: "en"
  +"_type": "_doc"
  +"_score": 8.697312
  +"parent": null
}