منابع مشابه
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This paper explores the role of social networks in the portfolio allocation decisions and performance of mutual fund managers. Using a novel dataset, I examine the past employment networks of both mutual fund managers and firm executives. I find that fund managers place larger bets and perform significantly better on firms when they are connected to a senior executive of that firm through overl...
متن کاملExcess Cash and Mutual Fund Performance
I document a positive relationship between excess cash holdings of actively managed equity mutual funds and future fund performance. The difference in returns of portfolios of high and of low excess cash funds amounts to over 2% annually, or approximately 3% after standard risk adjustment. I study whether this difference in performance can be explained by the differences in managerial stock sel...
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ژورنال
عنوان ژورنال: Journal of Economics and Business
سال: 2019
ISSN: 0148-6195
DOI: 10.1016/j.jeconbus.2019.02.001