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The Role of Outstanding Foundation Awards in Fund Families
Author(s) -
Lin Lin,
Hung PiHsia,
Su PeiJhen
Publication year - 2017
Publication title -
asia‐pacific journal of financial studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.375
H-Index - 15
eISSN - 2041-6156
pISSN - 2041-9945
DOI - 10.1111/ajfs.12160
Subject(s) - foundation (evidence) , volatility (finance) , business , finance , economics , actuarial science , political science , law
This study employs unique data concerning “Outstanding Foundation Awards” in Taiwan to investigate the determinant factors of winning awards and the contributions of award funds to the respective fund families. Our results show that fund fees, performance, age, volatility, family fees, and family award winning experiences are important predictors of winning awards. One‐, three‐, and five‐year award funds charge higher fund fees over a 1‐year post‐award period; however, they do not experience an increase in their own fund/family flows after winning the awards.