Painting the tape: Aggregate evidence

被引：25

作者：

Bernhardt, D

Davies, RJ

机构：

[1] Babson Coll, Finance Div, Babson Pk, MA 02457 USA

[2] Univ Illinois, Dept Econ & Finance, Champaign, IL 61820 USA

来源：

ECONOMICS LETTERS | 2005年 / 89卷 / 03期

基金：

美国国家科学基金会;

关键词：

turn-of-quarter effect; painting the tape; mutual fund performance; investment distortion;

D O I：

10.1016/j.econlet.2005.06.015

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We document systematic patterns in daily aggregate market returns around end-of-quarters consistent with strategic fund manager behavior and the growing presence of mutual funds in the market. (c) 2005 Elsevier B.V. All rights reserved.

引用

页码：306 / 311

页数：6

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