Out of Sight, Out of Mind: When Proximities Matter for Mutual Fund Flows
| dc.rights.license | open | en_US |
| dc.contributor.author | LAVIGNE, Stephanie | |
| hal.structure.identifier | Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi] | |
| dc.contributor.author | CHENAF-NICET, Dalila
IDREF: 112515150 | |
| dc.date.accessioned | 2023-01-09T10:22:33Z | |
| dc.date.available | 2023-01-09T10:22:33Z | |
| dc.date.issued | 2016-02-10 | |
| dc.identifier.issn | 0013-0095 | en_US |
| dc.identifier.uri | oai:crossref.org:10.1080/00130095.2015.1114412 | |
| dc.identifier.uri | https://oskar-bordeaux.fr/handle/20.500.12278/171617 | |
| dc.description.abstractEn | We analyze the aggregate investment of 22,900 worldwide mutual funds and question factors that promote accessibility to foreign stock markets for these investors when they allocate their assets outside their domestic market. A gravity model is proposed to test the influence of geographical, institutional and cognitive proximity in explaining asset trading by mutual funds. While mutual funds invest primarily in large stock markets and in countries with similar legal systems and the same language or culture, we find robust evidence of a geographical pattern in the distribution of their assets. Investments are located primarily in countries close to home, attesting that despite the globalization of stock markets and the high mobility of capital, geography is still relevant for understanding transactions of mutual funds. Results depending on which geographical, institutional and cognitive proximity promotes accessibility to foreign markets remain robust when introducing the issue of time horizons of investors. | |
| dc.language.iso | EN | en_US |
| dc.source | crossref | |
| dc.subject.en | Geography of finance | |
| dc.subject.en | Accessibility | |
| dc.subject.en | Proximity | |
| dc.subject.en | Mutual funds | |
| dc.subject.en | Gravity model | |
| dc.title.en | Out of Sight, Out of Mind: When Proximities Matter for Mutual Fund Flows | |
| dc.type | Article de revue | en_US |
| dc.identifier.doi | 10.1080/00130095.2015.1114412 | en_US |
| dc.subject.hal | Sciences de l'Homme et Société/Economies et finances | en_US |
| dc.subject.jel | G - Financial Economics::G1 - General Financial Markets::G10 - General | en_US |
| dc.subject.jel | G - Financial Economics::G1 - General Financial Markets::G15 - International Financial Markets | en_US |
| dc.subject.jel | G - Financial Economics::G2 - Financial Institutions and Services::G23 - Non-bank Financial Institutions; Financial Instruments; Institutional Investors | en_US |
| dc.subject.jel | G - Financial Economics::G2 - Financial Institutions and Services::G28 - Government Policy and Regulation | en_US |
| dc.subject.jel | K - Law and Economics::K0 - General::K00 - General | en_US |
| bordeaux.journal | Economic Geography | en_US |
| bordeaux.page | 1-23 | en_US |
| bordeaux.volume | 92 | en_US |
| bordeaux.hal.laboratories | Laboratoire d'analyse et de recherche en économie et finance internationales (LAREFI) - EA2954 | en_US |
| bordeaux.issue | 3 | en_US |
| bordeaux.institution | Université de Bordeaux | en_US |
| bordeaux.institution | CNRS | en_US |
| bordeaux.peerReviewed | oui | en_US |
| bordeaux.inpress | non | en_US |
| bordeaux.import.source | dissemin | |
| hal.identifier | hal-03930306 | |
| hal.version | 1 | |
| hal.date.transferred | 2023-01-09T10:22:35Z | |
| hal.export | true | |
| workflow.import.source | dissemin | |
| dc.rights.cc | CC BY | en_US |
| bordeaux.COinS | ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.jtitle=Economic%20Geography&rft.date=2016-02-10&rft.volume=92&rft.issue=3&rft.spage=1-23&rft.epage=1-23&rft.eissn=0013-0095&rft.issn=0013-0095&rft.au=LAVIGNE,%20Stephanie&CHENAF-NICET,%20Dalila&rft.genre=article |
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