Abstract

http://ssrn.com/abstract=1742416
 
 

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Spillover Effects in Mutual Fund Companies


Clemens Sialm


University of Texas at Austin - McCombs School of Business; National Bureau of Economic Research (NBER)

T. Mandy Tham


Nanyang Technological University (NTU)

February 20, 2014

McCombs Research Paper Series No. FIN-03-11

Abstract:     
Our paper investigates spillover effects across different business segments of publicly traded mutual fund management companies. We find that the prior stock price performance of the management company has a significant impact on the money flows of the affiliated mutual funds. Investment flows into mutual funds increase significantly with the prior performance of the management company even if the company performance does not lead to superior future fund performance. These results indicate that the financial health of a diversified firm has a significant impact on the prospects of the various business segments.

Number of Pages in PDF File: 35

Keywords: Mutual Fund Flows, Conglomerates, Financial Distress

JEL Classification: G10, G14, G21, G23, G33

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Date posted: January 18, 2011 ; Last revised: February 21, 2014

Suggested Citation

Sialm, Clemens and Tham, T. Mandy, Spillover Effects in Mutual Fund Companies (February 20, 2014). McCombs Research Paper Series No. FIN-03-11. Available at SSRN: http://ssrn.com/abstract=1742416 or http://dx.doi.org/10.2139/ssrn.1742416

Contact Information

Clemens Sialm (Contact Author)
University of Texas at Austin - McCombs School of Business ( email )
Austin, TX 78712
United States
HOME PAGE: http://faculty.mccombs.utexas.edu/Clemens.Sialm/
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Tze-Minn Tham
Nanyang Technological University (NTU) ( email )
S3 B1b-61 Nanyang Avenue
Singapore, 639798
Singapore
65-67906049 (Phone)
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