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The Performance Of Mutual Funds In Slovakia

Author

Listed:
  • F. Tudorache

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • L. Nicolescu

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • L. Belascu

    (University Lucian Blaga of Sibiu, Sibiu, Romania)

Abstract

A good indicator for the financial markets performance in different countries is the evolution of mutual funds in terms of their inflows and outflows. The goal of the present paper is to analyse the performance of the mutual funds in Slovakia. The research objectives are twofold: to study the flows of funds into and out of mutual funds from Slovakia during the period 2007-2014 and to analyse how investors in Slovakian mutual funds behave in terms of their investment choice. The analysis focuses on identifying patterns in investors' decision making process and on examining the similarity of their behavioural patterns with the ones identified at international level.

Suggested Citation

  • F. Tudorache & L. Nicolescu & L. Belascu, 2016. "The Performance Of Mutual Funds In Slovakia," Вестник Киевского национального университета имени Тараса Шевченко. Экономика., Socionet;Киевский национальный университет имени Тараса Шевченко, vol. 46(188), pages 26-33.
    • Handle: RePEc:scn:pnoeeq:188a5
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    References listed on IDEAS

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    1. Patel, Jayendu & Zeckhauser, Richard & Hendricks, Darryll, 1991. "The Rationality Struggle: Illustrations from Financial Markets," American Economic Review, American Economic Association, vol. 81(2), pages 232-236, May.
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    6. Tudorache F. & Nicolescu L. & Belascu L., 2016. "The performance of mutual funds in Slovakia," Bulletin of Taras Shevchenko National University of Kyiv. Economics. Вісник Киiвського нацiонального унiверситету iм. Тараса Шевченка. Серiя: Економiка, CyberLeninka;Издательско-полиграфический центр «Киевский университет», issue 11 (188), pages 26-33.
    7. Richard Fu & Marco Navone & Marco Pagani & Themis D. Pantos, 2012. "The Determinants of the Convexity in the Flow-Performance Relationship," Published Paper Series 2012-1, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
    8. Alexakis, Christos & Niarchos, Nikitas & Patra, Theopfano & Poshakwale, Sunil, 2005. "The dynamics between stock returns and mutual fund flows: empirical evidence from the Greek market," International Review of Financial Analysis, Elsevier, vol. 14(5), pages 559-569.
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    1. Tudorache F. & Nicolescu L. & Belascu L., 2016. "The performance of mutual funds in Slovakia," Bulletin of Taras Shevchenko National University of Kyiv. Economics. Вісник Киiвського нацiонального унiверситету iм. Тараса Шевченка. Серiя: Економiка, CyberLeninka;Издательско-полиграфический центр «Киевский университет», issue 11 (188), pages 26-33.
    2. Nicolescu Luminiţa & Tudorache Florentin Gabriel, 2017. "Capital markets in Central and Eastern Europe: two selected cases," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 11(1), pages 597-606, July.
    3. Luminiţa NICOLESCU & Florentin Gabriel TUDORACHE, 2016. "The Evolution of Non-Banking Financial Markets in Hungary: The Case of Mutual Funds," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 4(4), pages 591-621, December.

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