Using a sample of Chinese mutual funds over 2007–2021, we explore whether prospect
theory (PT) accurately represents the risk preferences and behavior of Chinese fund …

In this paper, we use the well-documented mutual fund flow-performance relationship to
infer information about investors' preferences. We show that applying preference parameter …

This paper studies the investment behavior of investors and fund managers within the
mutual funds industry. We find that investors are biased in their fund purchase decisions in a …

This paper documents that investors differentiate mutual funds' stock selection and market
timing abilities. Moreover, market volatility has an opposite impact on investors' responses to …

The major part of the research of the last two decades in the field of assets pricing models
has been to more accurately identify the variables affecting stock returns and ultimately …

بخش عمده تحقیقات دو دهه اخیر در حیطه مدل های ارزش گذاری دارایی ها، شناخت دقیق تر متغیرهای
تاثیرگذار بر بازده سهام و در نهایت کاهش خطاها و توضیح بهتر بازده سهام در این مدل ها بوده است. از …‎

In this paper, we use the well-documented mutual fund flow-performance relationship to
infer information about investors' preferences. We show that applying preference parameter …