The Spanish Review of Financial Economics最新文献_第2页

The impact of prudential regulation on bank capital and risk-taking: The case of MENA countries 审慎监管对银行资本和风险承担的影响:以中东和北非国家为例

The Spanish Review of Financial Economics Pub Date : 2016-07-01 DOI: 10.1016/j.srfe.2015.11.001

Khemaies Bougatef , Nidhal Mgadmi

引用次数: 56

Analyst consensus in the Eurozone stock markets 分析师对欧元区股市看法一致

The Spanish Review of Financial Economics Pub Date : 2016-07-01 DOI: 10.1016/j.srfe.2016.07.001

Ignacio Cervera

引用次数: 1

Measuring market liquidity in US fixed income markets: A new synthetic indicator 衡量美国固定收益市场流动性:一个新的综合指标

The Spanish Review of Financial Economics Pub Date : 2016-01-01 DOI: 10.1016/j.srfe.2016.01.001

Carmen Broto, Matías Lamas

引用次数: 0

A Spanish Financial Market Stress Index (FMSI) 西班牙金融市场压力指数(FMSI)

The Spanish Review of Financial Economics Pub Date : 2016-01-01 DOI: 10.1016/j.srfe.2016.01.002

Mª Isabel Cambón , Leticia Estévez

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引用次数: 19

Financial stress indices: An introduction 财务压力指数:介绍

The Spanish Review of Financial Economics Pub Date : 2016-01-01 DOI: 10.1016/j.srfe.2016.02.001

Manfred Kremer

引用次数: 4

Systemic liquidity risk and portfolio theory: An application to the Italian financial markets 系统性流动性风险与投资组合理论:在意大利金融市场的应用

The Spanish Review of Financial Economics Pub Date : 2016-01-01 DOI: 10.1016/j.srfe.2015.12.001

Eleonora Iachini , Stefano Nobili

引用次数: 5

Response of Spanish stock market to ECB monetary policy during financial crisis 金融危机期间西班牙股市对欧洲央行货币政策的反应

The Spanish Review of Financial Economics Pub Date : 2015-07-01 DOI: 10.1016/j.srfe.2015.09.001

Javier Ruiz

引用次数: 9

Equity premia predictability in the EuroZone 欧元区股票溢价的可预测性

The Spanish Review of Financial Economics Pub Date : 2015-07-01 DOI: 10.1016/j.srfe.2015.06.001

Nuno Silva

引用次数: 2

Evidence from purchases and redemptions in the Spanish equity fund market 来自西班牙股票基金市场的购买和赎回的证据

The Spanish Review of Financial Economics Pub Date : 2015-07-01 DOI: 10.1016/j.srfe.2015.04.002

Mª Isabel Cambón , Ramiro Losada

{"title":"Evidence from purchases and redemptions in the Spanish equity fund market","authors":"Mª Isabel Cambón , Ramiro Losada","doi":"10.1016/j.srfe.2015.04.002","DOIUrl":"https://doi.org/10.1016/j.srfe.2015.04.002","url":null,"abstract":"<div><p>The potential relationship between fund flows and performance is a remarkable topic in the mutual fund industry that has been explored by many empirical academic papers. In this work, it is shown that investors in Spanish equity funds respond to past good performance by increasing their (net) purchases, and to past poor performance by reducing their (net) purchases. However, the relationship between flows and performance appears to be non-linear. This non-linearity is different from the one observed in most of the previous research papers. These papers did not find any response to poor performance. Net purchases, purchases and redemptions are analysed separately and, as a new feature, the retail and wholesale markets of mutual funds are addressed. The comparison of the two markets reveals some interesting differences on the determinants of the financial decisions regarding purchasing or selling shares of equity funds. It was also found that investor sensitivity to poor performance is reduced in the case of more visible funds. This puzzling result, which originates in the retail segment, could be explained in terms of the market power of fund families.</p></div>","PeriodicalId":101250,"journal":{"name":"The Spanish Review of Financial Economics","volume":"13 2","pages":"Pages 57-70"},"PeriodicalIF":0.0,"publicationDate":"2015-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.srfe.2015.04.002","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136402621","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Causes and resolution of bankruptcy: The efficiency of the law 破产的原因与解决:法律的效率

The Spanish Review of Financial Economics Pub Date : 2015-07-01 DOI: 10.1016/j.srfe.2015.04.001

Inmaculada Aguiar-Díaz, María Victoria Ruiz-Mallorquí

引用次数: 15