Informed Trading, Liquidity Provision, and Stock Selection by Mutual Funds
收藏NBER2008-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14609
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资源简介：
We show that a mutual fund's "stock selection skill" computed using the Daniel, Grinblatt, Titman and Wermers (1997) procedure can be decomposed into additional components that include impatient "informed trading" and "liquidity provision," thereby helping us understand how a fund creates value. We
提供机构：
美国国家经济研究局
创建时间：
2008-12-01
