Advanced Search
MyIDEAS: Login

The Performance and Cash Flows of Newly Raised Funds

Contents:

Author Info

  • Chun-An Li

    ()
    (Department of Finance, National Yunlin University of Science and Technology, 123 University Road, Section 3, Douliou, Yunlin 64002, Taiwan, R.O.C.)

  • Hong-Chih Ma

    ()
    (Department of Finance, National Yunlin University of Science and Technology, 123 University Road, Section 3, Douliou Yunlin 64002, Taiwan, R.O.C.)

Registered author(s):

    Abstract

    The main purpose of this paper is to examine whether "newly raised funds" (NRFs) can actually achieve the performance targets. The targets are usually provided to investors by the fund companies at the time when such new funds are introduced. Our results show that the performance of the new funds is weakly inferior to that of existing funds. Furthermore, the results also indicate that NRFs with lower cash flows tend to outperform those with higher cash flows. We also find that reports appearing in the newspapers relating to such NRFs have significantly positive effects on cash flows. Thereby, it indicates that more promotional efforts can attract more money.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.worldscinet.com/cgi-bin/details.cgi?type=pdf&id=pii:S0219091510002062
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: http://www.worldscinet.com/cgi-bin/details.cgi?type=html&id=pii:S0219091510002062
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal Review of Pacific Basin Financial Markets and Policies.

    Volume (Year): 13 (2010)
    Issue (Month): 04 ()
    Pages: 539-557

    as in new window
    Handle: RePEc:wsi:rpbfmp:v:13:y:2010:i:04:p:539-557

    Contact details of provider:
    Web page: http://www.worldscinet.com/rpbfmp/rpbfmp.shtml

    Order Information:
    Email:

    Related research

    Keywords: New fund; fund flows; fund performance; mutual fund;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:wsi:rpbfmp:v:13:y:2010:i:04:p:539-557. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tai Tone Lim).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.