000058425 001__ 58425 000058425 005__ 20210121114457.0 000058425 0247_ $$2doi$$a10.1007/s10693-014-0198-2 000058425 0248_ $$2sideral$$a86138 000058425 037__ $$aART-2015-86138 000058425 041__ $$aeng 000058425 100__ $$0(orcid)0000-0003-3275-5814$$aOrtiz, Cristina$$uUniversidad de Zaragoza 000058425 245__ $$aMutual fund trading and portfolio disclosures 000058425 260__ $$c2015 000058425 5060_ $$aAccess copy available to the general public$$fUnrestricted 000058425 5203_ $$aThis is the first study in a large European market which analyzes monthly portfolios to obtain evidence of equity fund trading around quarterly reports. A new portfolio-weight approach shows that managers disclose large-cap and well-known stocks with higher returns and hide the same return-loser stocks in the reporting months. A fund-size agency problem plays an important role in this window dressing evidence. Fund trading also shows that managers benefits from the January effect by buying small-cap stocks at the beginning of the year rather than causing this anomaly. 000058425 536__ $$9info:eu-repo/grantAgreement/ES/MEC/ECO2009-12819-C03-02$$9info:eu-repo/grantAgreement/ES/UZ/268-159 000058425 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc$$uhttp://creativecommons.org/licenses/by-nc/3.0/es/ 000058425 590__ $$a0.769$$b2015 000058425 591__ $$aBUSINESS, FINANCE$$b60 / 94 = 0.638$$c2015$$dQ3$$eT2 000058425 592__ $$a0.825$$b2015 000058425 593__ $$aAccounting$$c2015$$dQ2 000058425 593__ $$aFinance$$c2015$$dQ2 000058425 593__ $$aEconomics and Econometrics$$c2015$$dQ2 000058425 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion 000058425 700__ $$aRamírez, Gloria 000058425 700__ $$0(orcid)0000-0003-4778-5960$$aVicente Gimeno, Luis Alfonso$$uUniversidad de Zaragoza 000058425 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab. 000058425 773__ $$g48, 1 (2015), 83-102$$pJ. financ. serv. res.$$tJOURNAL OF FINANCIAL SERVICES RESEARCH$$x0920-8550 000058425 8564_ $$s590606$$uhttps://zaguan.unizar.es/record/58425/files/texto_completo.pdf$$yPostprint 000058425 8564_ $$s33844$$uhttps://zaguan.unizar.es/record/58425/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint 000058425 909CO $$ooai:zaguan.unizar.es:58425$$particulos$$pdriver 000058425 951__ $$a2021-01-21-10:49:14 000058425 980__ $$aARTICLE