Mutual Fund Flows, Performance Persistence, and Board Quality
This paper provides evidence on the impact of fund board quality on (a) the fund flow-performance relation, (b) persistence in fund performance, and (c) a fund‘s potential change of strategy following a period of underperformance. We use Morningstar‘s board quality ratings as a proxy for the quality...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2009
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/1847 |
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| Institution: | Singapore Management University |
| Language: | English |