G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w26576
来源IDWorking Paper 26576
FinTech Platforms and Mutual Fund Distribution
Claire Yurong Hong; Xiaomeng Lu; Jun Pan
发表日期2019-12-23
出版年2019
语种英语
摘要We document a novel platform effect caused by the emergence of FinTech platforms in financial intermediation. In China, platform distributions of mutual funds emerged in 2012 and grew quickly into a formidable presence. Utilizing the staggered entrance of funds onto platforms, we find a marked increase of performance-chasing, driven by the centralized information flow unique to FinTech platforms. This pattern is further confirmed using proprietary data from a top platform. Examining the platform impact on fund managers, we find that, incentivized by the amplified performance-chasing, fund managers increase risk taking to enhance their probability of getting onto the top ranking.
主题Financial Economics ; Financial Markets ; Financial Institutions ; Behavioral Finance
URLhttps://www.nber.org/papers/w26576
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/584250
推荐引用方式
GB/T 7714
Claire Yurong Hong,Xiaomeng Lu,Jun Pan. FinTech Platforms and Mutual Fund Distribution. 2019.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
w26576.pdf(1511KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Claire Yurong Hong]的文章
[Xiaomeng Lu]的文章
[Jun Pan]的文章
百度学术
百度学术中相似的文章
[Claire Yurong Hong]的文章
[Xiaomeng Lu]的文章
[Jun Pan]的文章
必应学术
必应学术中相似的文章
[Claire Yurong Hong]的文章
[Xiaomeng Lu]的文章
[Jun Pan]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w26576.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。