Can high-performance funds be built and managed by improving their network locations? –- evidence from entrepreneurship in Chinese fund managers
Author
Abstract
Suggested Citation
DOI: 10.1007/s11365-021-00779-x
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Lauren Cohen & Andrea Frazzini & Christopher Malloy, 2008.
"The Small World of Investing: Board Connections and Mutual Fund Returns,"
Journal of Political Economy, University of Chicago Press, vol. 116(5), pages 951-979, October.
- Lauren Cohen & Andrea Frazzini & Christopher Malloy, 2007. "The Small World of Investing: Board Connections and Mutual Fund Returns," NBER Working Papers 13121, National Bureau of Economic Research, Inc.
- Paolo Colla & Antonio Mele, 2010.
"Information Linkages and Correlated Trading,"
The Review of Financial Studies, Society for Financial Studies, vol. 23(1), pages 203-246, January.
- Colla, Paolo & Mele, Antonio, 2008. "Information linkages and correlated trading," LSE Research Online Documents on Economics 24439, London School of Economics and Political Science, LSE Library.
- Antonio Mele, 2008. "Information Linkages and Correlated Trading," FMG Discussion Papers dp620, Financial Markets Group.
- Christophe J. Godlewski & Bulat Sanditov, 2018. "Financial institutions network and the certification value of bank loans," Grenoble Ecole de Management (Post-Print) hal-01858919, HAL.
- Patrizia Pastore & Antonio Ricciardi & Silvia Tommaso, 2020. "Contractual networks: an organizational model to reduce the competitive disadvantage of small and medium enterprises (SMEs) in Europe’s less developed regions. A survey in southern Italy," International Entrepreneurship and Management Journal, Springer, vol. 16(4), pages 1503-1535, December.
- Esmaeilpour Moghadam, Hadi & Mohammadi, Teymour & Feghhi Kashani, Mohammad & Shakeri, Abbas, 2019. "Complex networks analysis in Iran stock market: The application of centrality," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 531(C).
- Ozsoylev, Han N. & Walden, Johan, 2011. "Asset pricing in large information networks," Journal of Economic Theory, Elsevier, vol. 146(6), pages 2252-2280.
- Christophe J. Godlewski & Bulat Sanditov, 2018.
"Financial Institutions Network and the Certification Value of Bank Loans,"
Financial Management, Financial Management Association International, vol. 47(2), pages 253-283, June.
- Christophe J. Godlewski & Bulat Sanditov, 2015. "Financial institution network and the certification value of bank loans," Post-Print hal-01273237, HAL.
- Christophe J. Godlewski & Bulat Sanditov, 2018. "Financial institutions network and the certification value of bank loans," Post-Print hal-01858919, HAL.
- Christophe J. Godlewski & Bulat Sanditov, 2015. "Financial institution network and the certification value of bank loans," Grenoble Ecole de Management (Post-Print) hal-01273226, HAL.
- Christophe J. Godlewski & Bulat Sanditov, 2015. "Financial institution network and the certification value of bank loans," Grenoble Ecole de Management (Post-Print) hal-01273237, HAL.
- Christophe J. Godlewski & Bulat Sanditov, 2015. "Financial institution network and the certification value of bank loans," Post-Print hal-01273226, HAL.
- Christophe J. GODLEWSKI & Bulat SANDITOV, 2015. "Financial institution network and the certification value of bank loans," Working Papers of LaRGE Research Center 2015-02, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
- Christophe J. Godlewski & Bulat Sanditov, 2015. "Financial institution network and the certification value of bank loans," Post-Print hal-01273250, HAL.
- Christophe J. Godlewski & Bulat Sanditov, 2015. "Financial institution network and the certification value of bank loans," Grenoble Ecole de Management (Post-Print) hal-01273250, HAL.
- Han N. Ozsoylev & Johan Walden & M. Deniz Yavuz & Recep Bildik, 2014. "Investor Networks in the Stock Market," The Review of Financial Studies, Society for Financial Studies, vol. 27(5), pages 1323-1366.
- Veronika K. Pool & Noah Stoffman & Scott E. Yonker, 2015. "The People in Your Neighborhood: Social Interactions and Mutual Fund Portfolios," Journal of Finance, American Finance Association, vol. 70(6), pages 2679-2732, December.
- Harrison Hong & Jeffrey D. Kubik & Jeremy C. Stein, 2005. "Thy Neighbor's Portfolio: Word‐of‐Mouth Effects in the Holdings and Trades of Money Managers," Journal of Finance, American Finance Association, vol. 60(6), pages 2801-2824, December.
- Sang Yoon Shin, 2019. "Network advantage’s effect on exit performance: examining venture capital’s inter-organizational networks," International Entrepreneurship and Management Journal, Springer, vol. 15(1), pages 21-42, March.
- Eugene Kaciak & Izabela Koladkiewicz & Narongsak (Tek) Thongpapanl & Marta Wojtyra, 0. "The role of social networks in shaping entrepreneurial exit strategies," International Entrepreneurship and Management Journal, Springer, vol. 0, pages 1-37.
- Jennifer Huang & Kelsey D. Wei & Hong Yan, 2007. "Participation Costs and the Sensitivity of Fund Flows to Past Performance," Journal of Finance, American Finance Association, vol. 62(3), pages 1273-1311, June.
- Yael V. Hochberg & Alexander Ljungqvist & Yang Lu, 2007. "Whom You Know Matters: Venture Capital Networks and Investment Performance," Journal of Finance, American Finance Association, vol. 62(1), pages 251-301, February.
- Joseph Chen & Harrison Hong & Ming Huang & Jeffrey D. Kubik, 2004. "Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization," American Economic Review, American Economic Association, vol. 94(5), pages 1276-1302, December.
- Veronika K. Pool & Noah Stoffman & Scott E. Yonker, 2012. "No Place Like Home: Familiarity in Mutual Fund Manager Portfolio Choice," The Review of Financial Studies, Society for Financial Studies, vol. 25(8), pages 2563-2599.
- Ahern, Kenneth R., 2017. "Information networks: Evidence from illegal insider trading tips," Journal of Financial Economics, Elsevier, vol. 125(1), pages 26-47.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Hong, Ziyang & Liu, Qingfu & Tse, Yiuman & Wang, Zilu, 2023. "Black mouth, investor attention, and stock return," International Review of Financial Analysis, Elsevier, vol. 90(C).
- Yi, Li & Xiao, Li & Liao, Yinkai, 2024. "Network centrality, style drift, and mutual fund performance," Research in International Business and Finance, Elsevier, vol. 70(PA).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Cujean, Julien, 2020. "Idea sharing and the performance of mutual funds," Journal of Financial Economics, Elsevier, vol. 135(1), pages 88-119.
- Rossi, Alberto G. & Blake, David & Timmermann, Allan & Tonks, Ian & Wermers, Russ, 2018. "Network centrality and delegated investment performance," Journal of Financial Economics, Elsevier, vol. 128(1), pages 183-206.
- Cujean, Julien, 2018. "Idea Sharing and the Performance of Mutual Funds," CEPR Discussion Papers 13111, C.E.P.R. Discussion Papers.
- Chen, Xiao & Chong, Zhaohui & Giudici, Paolo & Huang, Bihong, 2022. "Network centrality effects in peer to peer lending," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 600(C).
- Lou, Youcheng & Yang, Yaqing, 2023. "Information linkages in a financial market with imperfect competition," Journal of Economic Dynamics and Control, Elsevier, vol. 150(C).
- Cuthbertson, Keith & Nitzsche, Dirk & O'Sullivan, Niall, 2016. "A review of behavioural and management effects in mutual fund performance," International Review of Financial Analysis, Elsevier, vol. 44(C), pages 162-176.
- Huan Liu & Weiqi Liu & Yi Li, 2022. "Private Information Dissemination and Noise Trading: Implications for Price Efficiency and Market Liquidity," Sustainability, MDPI, vol. 14(18), pages 1-19, September.
- Chen, Jean Jinghan & Xie, Li & Zhou, Si, 2020. "Managerial multi-tasking, Team diversity, and mutual fund performance," Journal of Corporate Finance, Elsevier, vol. 65(C).
- Yi, Li & Xiao, Li & Liao, Yinkai, 2024. "Network centrality, style drift, and mutual fund performance," Research in International Business and Finance, Elsevier, vol. 70(PA).
- Michael Bailey & Ruiqing Cao & Theresa Kuchler & Johannes Stroebel, 2016.
"Social Networks and Housing Markets,"
NBER Working Papers
22258, National Bureau of Economic Research, Inc.
- Ströbel, Johannes & Kuchler, Theresa & Bailey, Michael & Cao, Ruiqing, 2016. "Social Networks and Housing Markets," CEPR Discussion Papers 11272, C.E.P.R. Discussion Papers.
- Michael Bailey & Ruiqing Cao & Theresa Kuchler & Johannes Ströbel & Sam Ruiqing Cao, 2016. "Social Networks and Housing Markets," CESifo Working Paper Series 5905, CESifo.
- Sudipta Majumdar & Sayantan Kundu & Sankalp Bose & Abhijeet Chandra, 2024. "Network Nexus: Exploring the Impact of Alumni Connections of Managers on Mutual Fund Performance in India," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 31(4), pages 889-923, December.
- Lou, Youcheng & Wang, Shouyang, 2021. "The equivalence of two rational expectations equilibrium economies with different approaches to processing neighbors’ information," Mathematical Social Sciences, Elsevier, vol. 109(C), pages 93-105.
- Li, Jie & Zhang, Yongjie & Wang, Lidan, 2021. "Information transmission between large shareholders and stock volatility," The North American Journal of Economics and Finance, Elsevier, vol. 58(C).
- Yang, Yaqing & Lou, Youcheng, 2024. "Information sharing in a perfectly competitive market," The North American Journal of Economics and Finance, Elsevier, vol. 69(PA).
- Lin, Junqin & Wang, Fan & Wei, Lijian, 2021. "Alumni social networks and hedge fund performance: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 78(C).
- Li, Lu & Li, Yihang & Wang, Xueding & Xiao, Tusheng & Zhu, Hongjun, 2022. "Hedge fund networks, information dissemination, and stock price comovement: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 83(C).
- Bing Han & Liyan Yang, 2013. "Social Networks, Information Acquisition, and Asset Prices," Management Science, INFORMS, vol. 59(6), pages 1444-1457, June.
- Cathline Augustiani & Lorenzo Casavecchia & Jack Gray, 2015. "Managerial Sharing, Mutual Fund Connections, and Performance," International Review of Finance, International Review of Finance Ltd., vol. 15(3), pages 427-455, September.
- Pedersen, Lasse Heje, 2022. "Game on: Social networks and markets," Journal of Financial Economics, Elsevier, vol. 146(3), pages 1097-1119.
- Edward Halim & Yohanes E. Riyanto & Nilanjan Roy, 2019.
"Costly Information Acquisition, Social Networks, and Asset Prices: Experimental Evidence,"
Journal of Finance, American Finance Association, vol. 74(4), pages 1975-2010, August.
- Halim, Edward & Riyanto, Yohanes Eko & Roy, Nilanjan, 2017. "Costly Information Acquisition, Social Networks and Asset Prices: Experimental Evidence," MPRA Paper 80658, University Library of Munich, Germany.
More about this item
Keywords
Fund network location; Institutional investors; Fund performance; Social network analysis;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:intemj:v:18:y:2022:i:1:d:10.1007_s11365-021-00779-x. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.