开放式股票基金业绩和基金隐性行为的关系研究.pdf

Abstract Basedonthe on118 empiricalstudy find unobservedactions funds，wethat，aggregately，the open—endequity ofthesefundsarenot returnandcostof significant，thatiS，the unobservedactions offseteachother．Weusetheindicatorreturn just offund andconcludethat tomeasuretheunobservedactions managers gap funds bothin the ofun