Fund performance-flow relationship and the role of institutional reform

Extant literature shows the positive impact of institutional development on investor rationality and market efficiency. The authors extend this evidence by investigating the performance-flow relationship in the Chinese mutual fund market before and after the enforcement of the revised Law of the Peo...

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Bibliographic Details
Main Authors: Jinyu Feng, Wenzhao Wang
Format: Article
Language:English
Published: LLC "CPC "Business Perspectives" 2018-03-01
Series:Investment Management & Financial Innovations
Subjects:
Online Access:https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10153/imfi_2018_01_Feng.pdf