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dc.contributor.authorBer, Silkeen_US
dc.contributor.authorRuenzi, Stefanen_US
dc.date.accessioned2012-04-26en_US
dc.date.accessioned2012-05-02T15:45:44Z-
dc.date.available2012-05-02T15:45:44Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/57755-
dc.description.abstractDue to a lack of data availability, numerous empirical studies on mutual fund flows (e.g. Sirri/Tufano (1998)) analyze synthetically derived flow measures. We show how good these measures can explain actual flows. We compare the measures suggested in the literature with the actual net-flows of all German equity mutual funds. Our results show the appropriateness of the synthetic measures used in previous studies. Inference about the influence of past performance on flows is not biased by using synthetic instead of actual measures of fund flows. Thus, we offer a justification for the use of synthetic measures in performance flow studies.en_US
dc.language.isoengen_US
dc.publisherCentre for Financial Research Cologneen_US
dc.relation.ispartofseriesCFR Working Paper 06-05en_US
dc.subject.jelG23en_US
dc.subject.jelG20en_US
dc.subject.jelG29en_US
dc.subject.jelG24en_US
dc.subject.ddc330en_US
dc.subject.keywordMutual Fundsen_US
dc.subject.keywordPerformance Flow Relationshipen_US
dc.subject.keywordSynthetic Flow Measuresen_US
dc.subject.keywordNet-Flowsen_US
dc.titleOn the usability of synthetic measures of mutual fund net-flowsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn700636838en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:cfrwps:0605-
Appears in Collections:CFR Working Papers, Centre for Financial Research (CFR), Universität Köln

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