Three essays on style drift in mutual funds : a dissertation presented in fulfilment of the requirements for the degree of Doctor of Philosophy in Finance at Massey University, School of Economics and Finance, Albany Campus, New Zealand

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Title

Three essays on style drift in mutual funds : a dissertation presented in fulfilment of the requirements for the degree of Doctor of Philosophy in Finance at Massey University, School of Economics and Finance, Albany Campus, New Zealand

Content partner

Massey University

Collection

Massey Research Online

Description

This thesis seeks to enhance our collective understanding of style drift in mutual funds. The first essay of this thesis provides a critical review of the current literature on the topic of style drift and presents newer ways of viewing the concept. In particular, it provides a detailed analysis of the U.S. mutual funds industry and proposes a conceptual framework to present a fuller picture of the phenomenon. This framework introduces the concept of style enhancement and presents a newer way...

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Format

Research paper

Research format

Thesis

Thesis level

Doctoral

Date created

2022

Creator

Malik, Anum

URL

https://hdl.handle.net/10179/17855

Related subjects

Mutual funds / Management / mutual funds / investment style / style drift / style enhancement / style misclassification / risk-shifting behavior / performance / disclosure / portfolio disclosure frequency / SEC regulation / difference-in-difference test / 350208 Investment and risk management

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