Evidence from Business Strategy of Mutual Fund Managers after the Financial Crisis - Panel Smooth Transition Regression Model

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Joe-Ming Lee;
(2013)
  • Journal: Journal of Asian Business Strategy,volume 3,issue 3 March,pages48-58
  • Subject: Equity fund, PSTR model, volatility, fund performance

This study applies by the panel transition regression (PSTR) model to investigate the nonlinear dynamic relationship between equity fund flow and investment volatility in Taiwan. Our empirical results show that the equity fund managers will be different business strateg... View more
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