Essays in financial intermediation and political economy

Mancy Luo

Research output: ThesisDoctoral ThesisScientific

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Abstract

This thesis consists of three chapters in financial intermediation and political economy. The first chapter studies how investors’ preference for local stocks affects global mutual funds’ investment behaviors, and shows that mutual funds overweight stocks from their client countries (i.e., where funds are sold) to attract investors. The second chapter analyzes the investors’ reaction to political bias in the financial media, and the third chapter investigates the drivers for consolidations in global mutual fund industry.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • Spalt, Oliver, Promotor
  • Manconi, Alberto, Co-promotor
  • Schumacher, David, Co-promotor, External person
Award date14 Jul 2017
Place of PublicationTilburg
Publisher
Print ISBNs978 90 5668 518 8
Publication statusPublished - 2017

Fingerprint

Investors
Financial intermediation
Political economy
Mutual funds
Industry
Investment behavior
Consolidation

Cite this

Luo, M. (2017). Essays in financial intermediation and political economy. Tilburg: CentER, Center for Economic Research.
Luo, Mancy. / Essays in financial intermediation and political economy. Tilburg : CentER, Center for Economic Research, 2017. 134 p.
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Luo, M 2017, 'Essays in financial intermediation and political economy', Doctor of Philosophy, Tilburg University, Tilburg.

Essays in financial intermediation and political economy. / Luo, Mancy.

Tilburg : CentER, Center for Economic Research, 2017. 134 p.

Research output: ThesisDoctoral ThesisScientific

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AB - This thesis consists of three chapters in financial intermediation and political economy. The first chapter studies how investors’ preference for local stocks affects global mutual funds’ investment behaviors, and shows that mutual funds overweight stocks from their client countries (i.e., where funds are sold) to attract investors. The second chapter analyzes the investors’ reaction to political bias in the financial media, and the third chapter investigates the drivers for consolidations in global mutual fund industry.

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Luo M. Essays in financial intermediation and political economy. Tilburg: CentER, Center for Economic Research, 2017. 134 p. (CentER Dissertation Series).