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Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106)



JOURNAL OF ACCOUNTING AND FINANCE

Investor Behavior during the Financial Crisis: An Examination of Mutual
Fund Cash Flows


Author(s): Vaneesha Boney

Citation: Vaneesha Boney, (2012) "Investor Behavior during the Financial Crisis: An Examination of Mutual Fund Cash Flows," Vol. 12, Iss. 3, pp. 180 - 187

Article Type: Research paper

Publisher: North American Business Press

Abstract:

This paper examines aggregate mutual fund cash flows to determine whether investors move money in and out of 6 mutual fund investment objectives differently over bull and bear market cycles. This question is examined by analyzing periods before and during the bear market of 2008. Information on how investors shift assets given market cycles provide valuable information to asset managers and adds to the literature on investor psychology and market cycles. Results indicate that new money or those investors purchasing into a mutual fund family may be more rational than those redeeming or selling out of a mutual fund family.