000148947 001__ 148947
000148947 005__ 20250123152146.0
000148947 0247_ $$2doi$$a10.1016/j.ribaf.2024.102661
000148947 0248_ $$2sideral$$a142118
000148947 037__ $$aART-2025-142118
000148947 041__ $$aeng
000148947 100__ $$0(orcid)0000-0003-3582-116X$$aFleta-Asín, Jorge$$uUniversidad de Zaragoza
000148947 245__ $$aIn the name of the law: How does legal distance affect US international mutual funds’ financial performance?
000148947 260__ $$c2025
000148947 5060_ $$aAccess copy available to the general public$$fUnrestricted
000148947 5203_ $$aIn this research, we investigate how the distance in legal features between investor and investee countries affects international mutual funds’ financial performance. We analyse a sample formed by 1160 US equity mutual funds in the period 2000–2021 (73,256 monthly portfolios) with an international investment vocation. Our results show that managers of mutual funds holding a portfolio that is exposed to more distant markets in terms of legal features jeopardize the financial performance delivered to investors. We also find a moderating factor whereby investing in larger stock markets alleviates the negative effect of the legal distance.
000148947 536__ $$9info:eu-repo/grantAgreement/ES/AEI/PID2020-113338RB-I00$$9info:eu-repo/grantAgreement/ES/AEI/PID2022-136818NB-I00$$9info:eu-repo/grantAgreement/ES/DGA/LMP175_21$$9info:eu-repo/grantAgreement/ES/DGA/S38-20R-CIBER$$9info:eu-repo/grantAgreement/ES/DGA/S42-23R-CREVALOR$$9info:eu-repo/grantAgreement/ES/UZ-IBERCAJA/JIUZ-2022-CSJ-24$$9info:eu-repo/grantAgreement/ES/UZ/JIUZ-2021-SOC-02
000148947 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
000148947 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion
000148947 700__ $$0(orcid)0000-0002-9481-1466$$aMuñoz, Fernando$$uUniversidad de Zaragoza
000148947 7102_ $$14012$$2650$$aUniversidad de Zaragoza$$bDpto. Direcc.Organiza.Empresas$$cÁrea Organización de Empresas
000148947 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab.
000148947 773__ $$g74 (2025), 102661 [25 pp.]$$tRESEARCH IN INTERNATIONAL BUSINESS AND FINANCE$$x0275-5319
000148947 8564_ $$s1896678$$uhttps://zaguan.unizar.es/record/148947/files/texto_completo.pdf$$yVersión publicada
000148947 8564_ $$s1949554$$uhttps://zaguan.unizar.es/record/148947/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada
000148947 909CO $$ooai:zaguan.unizar.es:148947$$particulos$$pdriver
000148947 951__ $$a2025-01-23-14:47:35
000148947 980__ $$aARTICLE