Zobrazeno 1 - 10
of 11
pro vyhledávání: '"Zhi Jay Wang"'
Autor:
Steve Liu, Zhi Jay Wang
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::418c8ea8847c86f3dd82b0824e2c4a45
https://doi.org/10.2139/ssrn.3945089
https://doi.org/10.2139/ssrn.3945089
Publikováno v:
SSRN Electronic Journal.
We examine impediments to liquidity provision by mutual funds to insurance companies during corporate bond fire sales. We find that financial regulation and limited capital capacity significantly affect liquidity provision. Mutual funds reduced their
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::526403f9f0792123739661ab1d1adb5f
https://doi.org/10.2139/ssrn.2644098
https://doi.org/10.2139/ssrn.2644098
Autor:
Zhi Jay Wang, Vikram K. Nanda
Publikováno v:
Journal of Financial Intermediation. 20:589-619
The adoption of a managed distribution policy or plan (MDP) by closed-end funds appears effective in dramatically reducing, even eliminating, fund discounts. We investigate two possible explanations: the signaling explanation proposed in the literatu
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::bcd20de7680f68e87ab935f33619affb
https://doi.org/10.1016/j.jfi.2011.02.002
https://doi.org/10.1016/j.jfi.2011.02.002
Publikováno v:
Review of Financial Studies. 23:2342-2373
We examine situations where the same fund manager simultaneously manages mutual funds and hedge funds. We refer to this as side-by-side management. We document 344 such cases involving 693 mutual funds and 538 hedge funds. Proponents of this practice
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::aca6a40c5757dc75a1dbf25a3dcc685a
https://doi.org/10.1093/rfs/hhq008
https://doi.org/10.1093/rfs/hhq008
Publikováno v:
Review of Financial Studies. 17:667-698
We examine the extent to which a fund's cash flows are affected by the stellar performance of other funds in its family -- and consequences of such spillovers. We show that star performance results in greater cash inflow to the fund and to other fund
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::bc5a6234e1e0c67fec217389bb4780a9
https://doi.org/10.1093/rfs/hhg054
https://doi.org/10.1093/rfs/hhg054
Publikováno v:
SSRN Electronic Journal.
We investigate the role of institutional block holdings on the quality of a firm’s governance structure by using marginal cash valuation and future profitability as measures of a firm’s agency costs. We find that block holdings are negatively rel
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::51d613182932af26c94d488334348797
https://doi.org/10.2139/ssrn.2498791
https://doi.org/10.2139/ssrn.2498791
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::eb15a349f0d8f1cc83c12e240a262ce8
https://doi.org/10.2139/ssrn.2210325
https://doi.org/10.2139/ssrn.2210325
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c2dc92cd9668ba8174dacce42ae1ddbc
https://doi.org/10.2139/ssrn.1659275
https://doi.org/10.2139/ssrn.1659275
Publikováno v:
SSRN Electronic Journal.
Jensen (1986) identifies the need to motivate managers to distribute funds that earn a ‘below-market’ rate of return as a major problem in corporate finance. Equity closed-end funds (CEFs) provide an example of how capital markets perform this fu
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::51cb2f08ad05c6d8439e1dcf1fd47e48
https://doi.org/10.2139/ssrn.1572964
https://doi.org/10.2139/ssrn.1572964
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c408a314c5bb1ff00c2741029c27d248
https://doi.org/10.2139/ssrn.1107675
https://doi.org/10.2139/ssrn.1107675