Empirical Research: The Discontinuity in Pooled Distribution of Mutual Fund Monthly Returns

摘要：

The pooled cross-sectional, time-series distribution of mutual fund returns in our country features a discontinuity at zero: the number of small gains far exceeds the number of small losses. We discuss how do this discontinuity generate and give empirical evidence of the probability that mutual fund managers purposely avoid reporting losses.

关键词： Mutual funds pooled distribution discontinuity kink misreport

作者: ZHANG Li ZHANG Shuguang

作者单位: The University of Science and Technology of China,230026

会议类型: 国际会议

会议名称: 2009 International Conference on Management Science and Engineering(2009管理科学与工程国际会议)

会议地点: 北京

会议语种:英文

页码: 428-432

在线出版日期: 2009-11-01（万方平台首次上网日期，不代表论文的发表时间）