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Ambiguity Aversion and Mutual Funds: Evidence from China
| Content Provider | Scilit |
|---|---|
| Author | Bian, Yuxiang |
| Copyright Year | 2021 |
| Description | I provide empirical evidence of ambiguity averse investors' behaviour in Chinas mutual funds market. My analysis is motivated by the substantial uncertainty in China's mutual funds market, and theoretical research of decision indicates that investors would be more ambiguity averse when face higher uncertainty. The most substantial implication of the empirical research is that investors tend to place more weight on the worst signal. Across multiple horizons, fund flows will also display more sensitivity to the worst performance. I also conduct robustness test about the different rank funds by Morningstar rating and compare the positive and negative performance during the minimum performance period. |
| e-ISSN | 27905187 |
| DOI | 10.5539/ijbm.v16n12p111 |
| Journal | International Journal of Business and Management |
| Issue Number | 12 |
| Volume Number | 16 |
| Language | English |
| Publisher | Canadian Center of Science and Education |
| Publisher Date | 2021-11-22 |
| Access Restriction | Open |
| Subject Keyword | Mathematical Social Sciences Mutual Funds Funds Market Ambiguity Averse |
| Content Type | Text |
| Resource Type | Article |
