| Titre : | Local religious beliefs and mutual fund risk-taking behaviors (2012) |
| Auteurs : | Tao Shu, Auteur ; Johan Sulaeman, Auteur ; P. Eric Yeung, Auteur |
| Type de document : | Article : texte imprimé |
| Dans : | Management science (Vol. 58 N° 10, Octobre 2012) |
| Article en page(s) : | pp. 1779-1796 |
| Note générale : | Management |
| Langues : | Anglais |
| Tags : | Risk-taking Mutual funds Geographic location Religion |
| Résumé : | We study the effects of local religious beliefs on mutual fund risk-taking behaviors. Funds located in low-Protestant or high-Catholic areas exhibit significantly higher fund return volatilities. Similar differences persist when we use the religiosity ratios at fund managers' college locations. Risk-taking associated with local religious beliefs manifests in higher portfolio concentrations, higher portfolio turnover, more aggressive interim trading, and more “tournament” risk-shifting behaviors, but not over-weighting risky individual stocks. Overall, our results suggest that local religious beliefs have significant influences on mutual fund behaviors. |
| ISSN : | 0025-1909 |
| En ligne : | http://mansci.journal.informs.org/content/58/10/1779.abstract |
