Mutual funds withdraw shield: performance or agency costs driver?

Detalhes bibliográficos
Autor(a) principal: Alves, Carlos Francisco
Data de Publicação: 2012
Outros Autores: Mouta, Helena
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10198/10348
Resumo: In this paper, using a unique database, we compare the performance of a set of equity mutual funds to a set of equity savings funds, which are similar to equity mutual funds in all but one characteristic: the tax regime that strongly penalizes withdrawals from equity savings funds. We found evidence consistent with the hypothesis that mutual funds less subject to liquidity shocks exhibit higher performances.
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spelling Mutual funds withdraw shield: performance or agency costs driver?Mutual fund performanceWithdrawalsliquidity shocksFiscal policyIn this paper, using a unique database, we compare the performance of a set of equity mutual funds to a set of equity savings funds, which are similar to equity mutual funds in all but one characteristic: the tax regime that strongly penalizes withdrawals from equity savings funds. We found evidence consistent with the hypothesis that mutual funds less subject to liquidity shocks exhibit higher performances.Biblioteca Digital do IPBAlves, Carlos FranciscoMouta, Helena2014-09-08T10:20:17Z20122012-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10198/10348engAlves, Carlos; Mouta, Helena (2012). Mutual funds withdraw shield: performance or agency costs driver? Economics and Business Letters. ISSN 2254-4380. 1(1), p. 30-342254-4380info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-21T10:24:56Zoai:bibliotecadigital.ipb.pt:10198/10348Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T23:01:20.052658Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Mutual funds withdraw shield: performance or agency costs driver?
title Mutual funds withdraw shield: performance or agency costs driver?
spellingShingle Mutual funds withdraw shield: performance or agency costs driver?
Alves, Carlos Francisco
Mutual fund performance
Withdrawals
liquidity shocks
Fiscal policy
title_short Mutual funds withdraw shield: performance or agency costs driver?
title_full Mutual funds withdraw shield: performance or agency costs driver?
title_fullStr Mutual funds withdraw shield: performance or agency costs driver?
title_full_unstemmed Mutual funds withdraw shield: performance or agency costs driver?
title_sort Mutual funds withdraw shield: performance or agency costs driver?
author Alves, Carlos Francisco
author_facet Alves, Carlos Francisco
Mouta, Helena
author_role author
author2 Mouta, Helena
author2_role author
dc.contributor.none.fl_str_mv Biblioteca Digital do IPB
dc.contributor.author.fl_str_mv Alves, Carlos Francisco
Mouta, Helena
dc.subject.por.fl_str_mv Mutual fund performance
Withdrawals
liquidity shocks
Fiscal policy
topic Mutual fund performance
Withdrawals
liquidity shocks
Fiscal policy
description In this paper, using a unique database, we compare the performance of a set of equity mutual funds to a set of equity savings funds, which are similar to equity mutual funds in all but one characteristic: the tax regime that strongly penalizes withdrawals from equity savings funds. We found evidence consistent with the hypothesis that mutual funds less subject to liquidity shocks exhibit higher performances.
publishDate 2012
dc.date.none.fl_str_mv 2012
2012-01-01T00:00:00Z
2014-09-08T10:20:17Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10198/10348
url http://hdl.handle.net/10198/10348
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Alves, Carlos; Mouta, Helena (2012). Mutual funds withdraw shield: performance or agency costs driver? Economics and Business Letters. ISSN 2254-4380. 1(1), p. 30-34
2254-4380
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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