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dc.contributor.authorBer, Silkeen
dc.contributor.authorRuenzi, Stefanen
dc.date.accessioned2012-04-26-
dc.date.accessioned2012-05-02T15:45:44Z-
dc.date.available2012-05-02T15:45:44Z-
dc.date.issued2006-
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
dc.language.isoengen
dc.publisher|aUniversity of Cologne, Centre for Financial Research (CFR) |cCologneen
dc.relation.ispartofseries|aCFR Working Paper |x06-05en
dc.subject.jelG23en
dc.subject.jelG20en
dc.subject.jelG29en
dc.subject.jelG24en
dc.subject.ddc330en
dc.subject.keywordMutual Fundsen
dc.subject.keywordPerformance Flow Relationshipen
dc.subject.keywordSynthetic Flow Measuresen
dc.subject.keywordNet-Flowsen
dc.titleOn the usability of synthetic measures of mutual fund net-flows-
dc.typeWorking Paperen
dc.identifier.ppn700636838en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cfrwps:0605en

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