000124444 001__ 124444
000124444 005__ 20250403144231.0
000124444 0247_ $$2doi$$a10.1016/j.frl.2022.103412
000124444 0248_ $$2sideral$$a132901
000124444 037__ $$aART-2023-132901
000124444 041__ $$aeng
000124444 100__ $$0(orcid)0000-0003-3582-116X$$aFleta-Asín, Jorge$$uUniversidad de Zaragoza
000124444 245__ $$aInstitutional distance and US-based international mutual funds’ financial performance
000124444 260__ $$c2023
000124444 5060_ $$aAccess copy available to the general public$$fUnrestricted
000124444 5203_ $$aIn this research, we analyse the impact of the institutional distance between investor and investee countries on the risk-adjusted financial performance for a broad sample of US-based international mutual funds in the period 1997-2021 (1,704 equity mutual funds/106,521 monthly portfolios). Our results show that a greater institutional distance jeopardizes mutual fund financial performance. Another relevant finding is that holding a more country-concentrated portfolio positively impacts financial performance. In addition, we reveal an interaction effect between the two variables, meaning that the portfolio country concentration moderates the negative impact of institutional distance, supporting the information advantage theory.
000124444 536__ $$9info:eu-repo/grantAgreement/ES/UZ/JIUZ-2021-SOC-03$$9info:eu-repo/grantAgreement/ES/MICINN/PID2020-113338RB-I00$$9info:eu-repo/grantAgreement/ES/MCIU-AEI-FEDER/RTI2018-093483-B-I00$$9info:eu-repo/grantAgreement/ES/DGA/S42-20R-CREVALOR$$9info:eu-repo/grantAgreement/ES/DGA/S38-20R$$9info:eu-repo/grantAgreement/ES/DGA/LMP175_21
000124444 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
000124444 590__ $$a7.4$$b2023
000124444 592__ $$a1.903$$b2023
000124444 591__ $$aBUSINESS, FINANCE$$b7 / 233 = 0.03$$c2023$$dQ1$$eT1
000124444 593__ $$aFinance$$c2023$$dQ1
000124444 594__ $$a11.1$$b2023
000124444 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion
000124444 700__ $$0(orcid)0000-0002-9481-1466$$aMuñoz, Fernando$$uUniversidad de Zaragoza
000124444 7102_ $$14012$$2650$$aUniversidad de Zaragoza$$bDpto. Direcc.Organiza.Empresas$$cÁrea Organización de Empresas
000124444 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab.
000124444 773__ $$g51 (2023), 103412 [11 pp.]$$pFinance res. lett.$$tFinance Research Letters$$x1544-6123
000124444 8564_ $$s480999$$uhttps://zaguan.unizar.es/record/124444/files/texto_completo.pdf$$yVersión publicada
000124444 8564_ $$s2215778$$uhttps://zaguan.unizar.es/record/124444/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada
000124444 909CO $$ooai:zaguan.unizar.es:124444$$particulos$$pdriver
000124444 951__ $$a2025-04-03-14:39:53
000124444 980__ $$aARTICLE