Investing in low-trust countries: On the role of social trust in the global mutual fund industry

Investing in low-trust countries: On the role of social trust in the global mutual fund industry

We hypothesize that social trust, in mitigating contracting incompleteness, may have an important effect on the activeness and effectiveness of delegated portfolio management. Using a complete sample of worldwide open-end mutual funds, we find that trust is positively associated with the activeness...

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Bibliographic Details
Main Authors: MASSA, Massimo, WANG, Chengwei, ZHANG, Hong, ZHANG, Jian
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2022
Subjects:
Trust
International Investments
Mutual Funds
Performance
Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/7048
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8047/viewcontent/2.4.Investing_in_Low_trust_Countries_Trust_in_the_Global_Mutual_Fund_Industry.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/7048
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8047/viewcontent/2.4.Investing_in_Low_trust_Countries_Trust_in_the_Global_Mutual_Fund_Industry.pdf

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