Rm. 1109 on the 11th floor, Building #11, Waseda University<\/a>![\"PDF\u30d5\u30a1\u30a4\u30eb\u3092\u958b\u304d\u307e\u3059\"](\"http:\/\/www.waseda.jp\/wias\/common\/images\/mod_ico_pdf_01.gif\")
<\/p>\n\u4e3b\u3000\u65e8 \/ Outline<\/h5>\n
“Lazy Investors, Lazy Fund Managers, Lousy Performance: Culture and Mutual Fund Management”<\/p>\n
We use a comprehensive dataset of equity mutual funds covering 25 countries to study the effects of country-level culture on mutual fund management.
\nCulture contributes to differences in the flow-performance and flow-fee sensitivities of fund investors across countries.
\nThrough its effect on flow-performance sensitivity, culture has an economically significant impact on fund manager effort, risk taking and fund performance.
\nIn cases where culture raises the sensitivity of flows to fees, the level of fees charged is significantly lower.
\nIf culture boosts the performance of active management then this significantly increases the fraction of assets that are actively managed in the fund industry.
\nOverall, our study provides evidence that culture influences the most important aspects of fund industry conduct.<\/p>\n
\u30d7\u30ed\u30b0\u30e9\u30e0 \/ Schedule<\/h5>\n
13\uff1a00 Opening Remarks \uff08Hideaki Miyajima (Waseda University)\uff09
\n13\uff1a05 Presentation
\n14\uff1a05 Question-and-answer session
\n14\uff1a25 Concluding Remarks\uff08Hideaki Miyajima (Waseda University)\uff09<\/p>\n
\u5bfe\u3000\u8c61 \/ Prospected Audience<\/h5>\n
Faculty and staff members of a university, grad students, the general publics<\/p>\n
\u4e3b\u3000\u50ac \/ Organizer<\/h5>\n
Research Institute of Business Administration,Waseda University
\nWaseda Institute for Advanced Study,Waseda University<\/p>\n
\u7533\u8fbc\u307f \/ Registration<\/h5>\n
Free of charge. Please come to the event venue directly.<\/p>\n","protected":false},"excerpt":{"rendered":"
Waseda Organizational and Financial Economics Seminar: “Lazy Investors, Lazy Fund Managers, Lousy Perfor […]<\/p>\n","protected":false},"author":6,"featured_media":2762,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[95],"tags":[82,94,73],"class_list":["post-4422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-events-en","tag-general-en","tag-research-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/posts\/4422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/comments?post=4422"}],"version-history":[{"count":0,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/posts\/4422\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/media\/2762"}],"wp:attachment":[{"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/media?parent=4422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/categories?post=4422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/tags?post=4422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}