The role of bond underwriter affiliation in fixed income funds´ investment choice and performance

Detalhes bibliográficos
Autor(a) principal: Supper, Tanja
Data de Publicação: 2021
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/122790
Resumo: Using data on1,550U.S.fixed income funds, the aim of this thesis is to investigate how the affiliation to a bond underwriting firm affects selected facets of funds’ investment behavior and returns. All in all, their portfolios are not found to be biased towards bonds the affiliated institution acted as an underwriter for, however, some signs of support for these holdings are noticeable at times of fund out flows and close tot heir issuance. The effect of underwriter affiliation on funds’ performance is insignificant, suggesting that funds’ share holders are neither better nor worse off than others that invest in to in dependent counter parts.
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spelling The role of bond underwriter affiliation in fixed income funds´ investment choice and performanceFixed income fundsBond underwritingUnderwriter-affiliationConflicts of inter-estPerformancePortfolio compositionDomínio/Área Científica::Ciências Sociais::Economia e GestãoUsing data on1,550U.S.fixed income funds, the aim of this thesis is to investigate how the affiliation to a bond underwriting firm affects selected facets of funds’ investment behavior and returns. All in all, their portfolios are not found to be biased towards bonds the affiliated institution acted as an underwriter for, however, some signs of support for these holdings are noticeable at times of fund out flows and close tot heir issuance. The effect of underwriter affiliation on funds’ performance is insignificant, suggesting that funds’ share holders are neither better nor worse off than others that invest in to in dependent counter parts.Ottonello, GiorgioRUNSupper, Tanja2021-08-20T09:55:39Z2021-01-192021-01-042021-01-19T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/122790TID:202740269enginfo: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:RCAAP2024-03-11T05:04:18Zoai:run.unl.pt:10362/122790Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:44:51.297874Repositório 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 The role of bond underwriter affiliation in fixed income funds´ investment choice and performance
title The role of bond underwriter affiliation in fixed income funds´ investment choice and performance
spellingShingle The role of bond underwriter affiliation in fixed income funds´ investment choice and performance
Supper, Tanja
Fixed income funds
Bond underwriting
Underwriter-affiliation
Conflicts of inter-est
Performance
Portfolio composition
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short The role of bond underwriter affiliation in fixed income funds´ investment choice and performance
title_full The role of bond underwriter affiliation in fixed income funds´ investment choice and performance
title_fullStr The role of bond underwriter affiliation in fixed income funds´ investment choice and performance
title_full_unstemmed The role of bond underwriter affiliation in fixed income funds´ investment choice and performance
title_sort The role of bond underwriter affiliation in fixed income funds´ investment choice and performance
author Supper, Tanja
author_facet Supper, Tanja
author_role author
dc.contributor.none.fl_str_mv Ottonello, Giorgio
RUN
dc.contributor.author.fl_str_mv Supper, Tanja
dc.subject.por.fl_str_mv Fixed income funds
Bond underwriting
Underwriter-affiliation
Conflicts of inter-est
Performance
Portfolio composition
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Fixed income funds
Bond underwriting
Underwriter-affiliation
Conflicts of inter-est
Performance
Portfolio composition
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description Using data on1,550U.S.fixed income funds, the aim of this thesis is to investigate how the affiliation to a bond underwriting firm affects selected facets of funds’ investment behavior and returns. All in all, their portfolios are not found to be biased towards bonds the affiliated institution acted as an underwriter for, however, some signs of support for these holdings are noticeable at times of fund out flows and close tot heir issuance. The effect of underwriter affiliation on funds’ performance is insignificant, suggesting that funds’ share holders are neither better nor worse off than others that invest in to in dependent counter parts.
publishDate 2021
dc.date.none.fl_str_mv 2021-08-20T09:55:39Z
2021-01-19
2021-01-04
2021-01-19T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/122790
TID:202740269
url http://hdl.handle.net/10362/122790
identifier_str_mv TID:202740269
dc.language.iso.fl_str_mv eng
language eng
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
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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
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