Are Style Rotating Funds Successful at Style Timing? Evidence from the US Equity Mutual Fund Market

2016 ◽  
Author(s):  
Adam James Corbett
2004 ◽  
Vol 4 (6) ◽  
pp. 415-428 ◽  
Author(s):  
Konstantina Pendaraki ◽  
Michael Doumpos ◽  
Constantin Zopounidis

2009 ◽  
Vol 44 (6) ◽  
pp. 1345-1373 ◽  
Author(s):  
Martijn Cremers ◽  
Joost Driessen ◽  
Pascal Maenhout ◽  
David Weinbaum

AbstractWe use a unique database on ownership stakes of equity mutual fund directors to analyze whether the directors’ incentive structure is related to fund performance. Ownership of both independent and nonindependent directors plays an economically and statistically significant role. Funds in which directors have low ownership, or “skin in the game,” significantly underperform. We posit two economic mechanisms to explain this relation. First, lack of ownership could indicate a director’s lack of alignment with fund shareholder interests. Second, directors may have superior private information on future performance. We find evidence in support of the first and against the second mechanism.


2013 ◽  
Vol 21 ◽  
pp. 156-173 ◽  
Author(s):  
Li-Wen Chen ◽  
Andrew Adams ◽  
Richard Taffler
Keyword(s):  

2018 ◽  
Vol 47 (3) ◽  
pp. 715-737 ◽  
Author(s):  
Jesse A. Ellis ◽  
Shane Underwood

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