Portfolio Preferences Across Markets: Evidence from Mutual Fund Ownership

Authors

  • Wen-Hsiu Chou Florida International University, United States

DOI:

https://doi.org/10.32890/ijbf2012.9.4.3

Keywords:

Portfolio preference, Financial institutions, Mutual funds, International asset allocation, Developed vs merging markets

Abstract

This paper is about evaluating and comparing the portfolio preferences of domestic and foreign mutual funds in developed and emerging markets over the period 1998-2007. We find that foreign and domestic mutual funds have some different preferences toward firm characteristics and firm’s information enviroments, and economic development affects the preferences for both types of funds. A country’s characteristics and institutions also influence mutual fund investment decisions when fund managers from their portfolio holdings. Results further show that foreign and domestic mutual funds play a monitoring role in their portfolio firms, but foreign mutual funds cannot monitor firms effectively in emerging markets.

 

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Published

04-12-2012

Issue

Vol. 9 No. 4 (2012): International Journal of Banking and Finance (IJBF) Vol. 9, No.4, 2012

Section

Articles

How to Cite

Chou, W.-H. (2012). Portfolio Preferences Across Markets: Evidence from Mutual Fund Ownership. International Journal of Banking and Finance, 9(4), 48-73. https://doi.org/10.32890/ijbf2012.9.4.3

Research impact

Harvested 2026-09-07
1 citations, from OpenAlex — the highest of the sources checked

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Identifiers DOI 10.32890/ijbf2012.9.4.3 OpenAlex W105668903

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