148947 20250123152146.0 doi 10.1016/j.ribaf.2024.102661 sideral 142118 ART-2025-142118 eng Fleta-Asín, Jorge Universidad de Zaragoza (orcid)0000-0003-3582-116X In the name of the law: How does legal distance affect US international mutual funds’ financial performance? 2025 In 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. Access copy available to the general public Unrestricted info:eu-repo/grantAgreement/ES/AEI/PID2020-113338RB-I00 info:eu-repo/grantAgreement/ES/AEI/PID2022-136818NB-I00 info:eu-repo/grantAgreement/ES/DGA/LMP175_21 info:eu-repo/grantAgreement/ES/DGA/S38-20R-CIBER info:eu-repo/grantAgreement/ES/DGA/S42-23R-CREVALOR info:eu-repo/grantAgreement/ES/UZ-IBERCAJA/JIUZ-2022-CSJ-24 info:eu-repo/grantAgreement/ES/UZ/JIUZ-2021-SOC-02 info:eu-repo/semantics/openAccess by-nc-nd http://creativecommons.org/licenses/by-nc-nd/3.0/es/ info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Muñoz, Fernando Universidad de Zaragoza (orcid)0000-0002-9481-1466 4012 650 Universidad de Zaragoza Dpto. Direcc.Organiza.Empresas Área Organización de Empresas 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 74 (2025), 102661 [25 pp.] RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE 0275-5319 1896678 http://zaguan.unizar.es/record/148947/files/texto_completo.pdf Versión publicada 1949554 http://zaguan.unizar.es/record/148947/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:148947 articulos driver 2025-01-23-14:47:35 ARTICLE