149909 20251017144550.0 doi 10.1080/1540496X.2019.1629284 sideral 113036 ART-2021-113036 eng Gimeno, Ruth Universidad de Zaragoza (orcid)0000-0003-4675-6762 Mutual fund voluntary portfolio disclosure 2021 Access copy available to the general public Unrestricted A growing fraction of individual investors delegate their portfolio management to professional managers. As a result, the importance of transparency and investor protections have increased in financial markets. In Spain, management companies must report their mutual fund portfolios quarterly to investors. However, this information may be disclosed on a monthly basis to private information providers. In this study, we examine the influence of performance on voluntary portfolio disclosure from 2003 to 2013. The transparency and reporting strategies may differ from fund industries with different level of development, we will discuss the implications of the results for emerging markets. We find a positive significant relationship between the probability of fund portfolio disclosure and fund performance, and this effect is more significant when we consider risk-adjusted performance measures. The addition of some control variables in the model shows that the probability of the fund portfolio to be reported is positively related to fund age, management company size and fees and is negatively related to fund size. info:eu-repo/grantAgreement/ES/MCIU-AEI-FEDER/RTI2018-093483-B-I00 info:eu-repo/semantics/openAccess by-nc-nd https://creativecommons.org/licenses/by-nc-nd/4.0/deed.es 4.859 2021 ECONOMICS 56 / 381 = 0.147 2021 Q1 T1 INTERNATIONAL RELATIONS 7 / 96 = 0.073 2021 Q1 T1 BUSINESS 79 / 154 = 0.513 2021 Q3 T2 0.96 2021 Finance 2021 Q1 Economics, Econometrics and Finance (miscellaneous) 2021 Q1 4.8 2021 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Ortiz, Cristina Universidad de Zaragoza (orcid)0000-0003-3275-5814 Sarto, José Luis Universidad de Zaragoza (orcid)0000-0001-6078-0465 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 57, 5 (2021), 1474-1488 Emerg. Mark. Financ. Trade EMERGING MARKETS FINANCE AND TRADE 1540-496X 395985 http://zaguan.unizar.es/record/149909/files/texto_completo.pdf Postprint 363594 http://zaguan.unizar.es/record/149909/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:149909 articulos driver 2025-10-17-14:11:27 ARTICLE