An individual level analysis of the mutual fund investment decision
An individual level analysis of the mutual fund investment decision
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DOI：
10.1007/bf00120146
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发表时间：
1996-03-01
影响因子：
1.4
通讯作者：
Prince, RA
中科院分区：
文献类型：
--
作者：
Capon, N;Fitzsimons, GJ;Prince, RA
本研究调查了消费者对共同基金的投资决策方式。投资者报告说，他们考虑了许多与业绩无关的变量。当投资者按照投资决策过程的相似性分组时，一个小群体似乎对其投资非常了解。然而，大多数投资者似乎很天真，对投资策略或投资的财务细节知之甚少。本文还讨论了对共同基金公司的影响。
This study investigates the manner in which consumers make investment decisions for mutual funds. Investors report that they consider many nonperformance related variables. When investors are grouped by similarity of investment decision process, a single small group appears to be highly knowledgeable about its investments. However, most investors appear to be naive, having little knowledge of the investment strategies or financial details of their investments. Implications for mutual fund companies are discussed.