Ambiguity towards multiple historical performance
information signals: evidence from indonesian open-ended mutual fund investors

Haris Pratama Loeis; Ruslan Prijadi (Universitas Indonesia, Department of Management, Faculty of Economics and Business, 2015)

This study focuses on the behavior of open-ended mutual fund investors when encountered with

multiple information signals of mutual fund?s historical performance. The behavior of investors can

be reflected on their decision to subscribe or redeem their funds from mutual funds. Moreover, we observe

the presence of ambiguity within investors due to multiple information signals, and their reaction

towards it. We apply a Fama-McBeth Regression technique for equity mutual funds, fixed income

mutual funds, and balanced mutual funds that are effective during the period of February 2010 until

February 2015. Our finding shows that open-ended mutual fund investors do not only have sensitivity

towards past performance information signals, but also have additional sensitivity towards the

ambiguity of multiple information signals. Because of the presence of ambiguity, investors consider

more on negative information signals and the worst information signal in their investment decisions.

No. Panggil :	J-Pdf
Entri utama-Nama orang :	Haris Pratama Loeis, author


Entri tambahan-Nama orang :	Ruslan Prijadi, author


Subjek :	economics
Penerbitan :	[Place of publication not identified]: Universitas Indonesia, Department of Management, Faculty of Economics and Business, 2015

Sumber Pengatalogan :	LibUI eng rda
ISSN :	23563818
Majalah/Jurnal :	Indonesian Capital Market Review
Volume :	Vol 7 No 2 July 2015 92-101
Tipe Konten :	text
Tipe Media :	computer
Tipe Carrier :	online resource
Akses Elektronik :	http://journal.ui.ac.id/index.php/icmr/article/view/4846
Institusi Pemilik :	Universitas Indonesia
Lokasi :

No. Panggil	No. Barkod	Ketersediaan
J-Pdf	03-20-347989480	TERSEDIA

Ulasan:

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