Determinants of non-compliant equity funds with EU portfolio concentration limits

Loban, L. (Universidad de Zaragoza) ; Sarto, J.L. (Universidad de Zaragoza) ; Vicente, L. (Universidad de Zaragoza)

Resumen: This study identifies the determinants of domestic equity funds that fail to comply with the portfolio concentration limits of the EU Directive 2009/65/EC. This study also determines the characteristics of the stocks subject to these non-compliant portfolios. The empirical application to a comprehensive sample of domestic equity funds registered in the Eurozone provides significant information that can help to improve market supervision in terms of investors’ protection.

Idioma: Inglés

DOI: 10.1016/j.mulfin.2021.100707

Año: 2021

Publicado en: Journal of Multinational Financial Management 62 (2021), 100707 [18 pp.]
ISSN: 1042-444X

Factor impacto JCR: 4.482 (2021)

Categ. JCR: BUSINESS, FINANCE rank: 21 / 111 = 0.189 (2021) - Q1 - T1

Factor impacto CITESCORE: 5.8 - Economics, Econometrics and Finance (Q1)

Factor impacto SCIMAGO: 0.867 - Finance (Q1) - Economics and Econometrics (Q1)

Financiación: info:eu-repo/grantAgreement/ES/DGA/S38-17R
Financiación: info:eu-repo/grantAgreement/ES/MCIU/FPU16-03779
Financiación: info:eu-repo/grantAgreement/ES/MCIU/RTI2018-093483-B-I00

Tipo y forma: Article (Published version)

Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)