Family competition via divergence in the trading of funds

Andreu, L. (Universidad de Zaragoza) ; Gimeno, R. (Universidad de Zaragoza) ; Serrano, M. (Universidad de Zaragoza)
Family competition via divergence in the trading of funds
Resumen: We examine the influence of managerial structures and characteristics on the level of trading divergence among fund families as well as their effects on the subsequent performance of those families. Fund families with fewer interactions between their funds and managers tend to diverge more in their trading decisions. We find a positive influence of this divergence on the performance of fund families not only in competitive but also in cooperative environments. This finding shows that if cooperation leads a fund family to make different trading decisions than their competitors, they have better results.
Idioma: Inglés
DOI: 10.1016/j.frl.2022.103548
Año: 2023
Publicado en: Finance Research Letters 52 (2023), 103548 [9 pp.]
ISSN: 1544-6123

Factor impacto JCR: 7.4 (2023)
Categ. JCR: BUSINESS, FINANCE rank: 7 / 233 = 0.03 (2023) - Q1 - T1
Factor impacto CITESCORE: 11.1 - Finance (Q1)

Factor impacto SCIMAGO: 1.903 - Finance (Q1)

Financiación: info:eu-repo/grantAgreement/ES/DGA/S38-20R
Financiación: info:eu-repo/grantAgreement/ES/MCIU-AEI-FEDER/RTI2018-093483-B-I00
Financiación: info:eu-repo/grantAgreement/ES/UZ/JIUZ-2021-SOC-03
Tipo y forma: Article (PostPrint)
Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)

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 Record created 2023-01-26, last modified 2024-11-25


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