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A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA) 
Miguel, A. & Dan, S. (2019). Explaining differences in the flow-performance sensitivity of retail and institutional mutual funds – International evidence. Theoretical Economics Letters. 9 (7), 2711-2731
Exportar Referência (IEEE) 
A. M. Miguel and D. Su,  "Explaining differences in the flow-performance sensitivity of retail and institutional mutual funds – International evidence", in Theoretical Economics Letters, vol. 9, no. 7, pp. 2711-2731, 2019
Exportar BibTeX 
@article{miguel2019_1732201757255,
	author = "Miguel, A. and Dan, S.",
	title = "Explaining differences in the flow-performance sensitivity of retail and institutional mutual funds – International evidence",
	journal = "Theoretical Economics Letters",
	year = "2019",
	volume = "9",
	number = "7",
	doi = "10.4236/tel.2019.97170",
	pages = "2711-2731",
	url = "https://www.scirp.org/journal/tel"
}
Exportar RIS 
TY  - JOUR
TI  - Explaining differences in the flow-performance sensitivity of retail and institutional mutual funds – International evidence
T2  - Theoretical Economics Letters
VL  - 9
IS  - 7
AU  - Miguel, A.
AU  - Dan, S.
PY  - 2019
SP  - 2711-2731
SN  - 2162-2078
DO  - 10.4236/tel.2019.97170
UR  - https://www.scirp.org/journal/tel
AB  - We use data from 13 countries to study differences in the flow-performance sensitivity between institutional and retail investors. Our results show marked differences between non-US and the US in how institutional and retail investors react to past performance. Compared to retail investors, institutional investors sell more poor performers and buy less top performers outside the US, while there is no difference in how institutional and retail investors react to past performance in the US. When we split our sample into countries with more and less sophisticated investors, our results show significant differences in the flow-performance sensitivity of institutional and retail investors. Overall, our findings are consistent with institutional investors being more sophisticated than retail investors but only in countries where investors are on average less sophisticated. 


ER  -