Mandatory Portfolio Disclosure, Stock Liquidity, and Mutual Fund Performance

• المؤلفون الرئيسيون: Agarwal, Vikas, Mullally, Kevin, TANG, Yuehua, Yang, Baozhong
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2013
• الموضوعات: Portfolio disclosure; Stock liquidity; Mutual funds; Fund performance; Finance and Financial Management
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/3693

This paper studies the impact of mandatory portfolio disclosure of mutual funds on the liquidity of disclosed stocks and on fund performance. We consider a theoretical model of informed trading with different mandatory disclosure frequencies. Using a regulation change in May 2004 that increased the...