How do retail investors respond to summary disclosure? Evidence from mutual fund factsheets
Mutual funds regularly issue factsheets to communicate their performance in a short summary form. I investigate whether the release of factsheets in Morningstar plays a role in the trading behavior of retail investors. I find that retail investors react more to performance measures in factsheets whe...
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| Format: | Article |
| Language: | English |
| Published: |
2024
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| Online Access: | https://hdl.handle.net/10356/181217 |
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| Institution: | Nanyang Technological University |
| Language: | English |