Universität zu Köln

Essays on the Interaction of Investor Clienteles and Mutual Fund Behavior

Sorhage, Christoph (2016) Essays on the Interaction of Investor Clienteles and Mutual Fund Behavior. PhD thesis, Universität zu Köln.

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    Abstract

    This thesis consists of three essays on the interaction of investor clienteles and mutual fund behavior. The first essay (Cici, Kempf, and Sorhage 2015, “Do Financial Advisors Provide Tangible Benefits for Investors? Evidence from Tax-Motivated Mutual Fund Flows”) adds to the literature on fund investor clienteles by addressing the question for potential benefits accruing to investors who rely on financial advisors when acquiring shares in a fund. The second essay (Sorhage, 2015, “Outsourcing of Mutual Funds' Non-core Competencies”) investigates the relation between mutual fund behavior and fund families' decisions to source fund activities unrelated to portfolio management internally or from external providers. The third essay (Dahm and Sorhage, 2015, “Milk or Wine: Mutual Funds' (Dis)economies of Life“) adds to the literature on time-varying fund behavior and is related to the previous two essays by examining whether funds' investment skills change to the positive or negative over time and how this is interrelated to investor groups.

    Item Type: Thesis (PhD thesis)
    Creators:
    CreatorsEmail
    Sorhage, Christophsorhage@wiso.uni-koeln.de
    URN: urn:nbn:de:hbz:38-65755
    Subjects: Management and auxiliary services
    Uncontrolled Keywords:
    KeywordsLanguage
    Mutual funds; Fund performance; Fund behavior; Financial advisors; Taxable fund distributions; Shareholder services; Outsourcing; Fund age; Liability of aging; InnovationEnglish
    Faculty: Wirtschafts- u. Sozialwissenschaftliche Fakultät
    Divisions: Wirtschafts- u. Sozialwissenschaftliche Fakultät > Seminar für Allg. BWL und Finanzierungslehre
    Language: English
    Date: 01 February 2016
    Date Type: Publication
    Date of oral exam: 21 January 2016
    Full Text Status: Public
    Date Deposited: 24 Feb 2016 15:57:54
    Referee
    NameAcademic Title
    Kempf, AlexanderUniv.-Prof. Dr.
    Hess, DieterUniv.-Prof. Dr.
    Hartmann-Wendels, ThomasUniv.-Prof. Dr.
    URI: http://kups.ub.uni-koeln.de/id/eprint/6575

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