Mandatory portfolio disclosure, stock liquidity, and mutual fund performance

Research, Preprint English OPEN
Agarwal, Vikas; Mullally, Kevin Andrew; Tang, Yuehua; Yang, Baozhong;
  • Publisher: Cologne: University of Cologne, Centre for Financial Research (CFR)
  • Subject:
    • ddc: ddc:330
    mesheuropmc: health care economics and organizations

We examine the impact of mandatory portfolio disclosure by mutual funds on stock liquidity and fund performance. We develop a model of informed trading with disclosure and test its predictions using the SEC regulation in May 2004 requiring more frequent disclosure. Stoc... View more
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