IDEAS home Printed from https://ideas.repec.org/p/grt/wpegrt/2013-12.html
   My bibliography  Save this paper

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

Author

Listed:
  • Stéphanie LAVIGNE
  • Dalila NICET-CHENAF
  • Claude DUPUY

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.

Suggested Citation

  • Stéphanie LAVIGNE & Dalila NICET-CHENAF & Claude DUPUY, 2013. "Where do “impatient” mutual funds invest? A special attraction for large proximate markets and companies with strategic investors," Cahiers du GREThA 2013-12, Groupe de Recherche en Economie Théorique et Appliquée.
  • Handle: RePEc:grt:wpegrt:2013-12
    as

    Download full text from publisher

    File URL: http://cahiersdugretha.u-bordeaux4.fr/2013/2013-12.pdf
    Download Restriction: no

    More about this item

    Keywords

    geography of finance; mutual funds; “impatient” investors; portfolio turnover;

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • P10 - Economic Systems - - Capitalist Systems - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:grt:wpegrt:2013-12. 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: (Valerio Sterzi). General contact details of provider: http://edirc.repec.org/data/ifredfr.html .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.