Investment Decisions Under Ambiguity: Evidence from Mutual Fund Investor Behavior

Li, C. Wei; Tiwari, Ashish; Tong, Lin

doi:10.1287/mnsc.2016.2432

Cited by 24 publications

(4 citation statements)

References 54 publications

(62 reference statements)

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“…Analyzing data of mutual fund investors, Li et al ( 2017 ) argue that investors seem to place greater weight on the worst signal when confronted with information of ambiguous quality. Breuer et al ( 2016 ) analyze the level of capital reserves held by companies.…”

Section: Evidencementioning

confidence: 99%

Ambiguity aversion: bibliometric analysis and literature review of the last 60 years

2021

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We conduct a bibliometric analysis and review the literature of the last six decades on ambiguity aversion. Comparing trends in theoretical, experimental, and empirical contributions, our study presents the main aspects that are discussed in this literature. We show the increasing relevance of ambiguity aversion for decision-making research and discuss factors influencing attitudes on ambiguity. Our literature review reveals unsolved problems in the research on ambiguity and gives an outlook on new ventures for future research.

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Section: Evidencementioning

confidence: 99%

Ambiguity aversion: bibliometric analysis and literature review of the last 60 years

2021

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“…Tong (2018) argues that an individual's self-confidence plays a vital role in investment decision-making. Cluster three focuses on mutual fund performance by measuring market performance (Li et al, 2017), the size of the mutual fund (Alsubaiei, 2022) and the maintenance of extra cash by the mutual fund manager (Khan et al, 2021). Cluster four focuses on other information investors use to invest in mutual funds.…”

Section: Content Analysismentioning

confidence: 99%

“…Cluster 3: External factors, mutual funds' performance and proxy information Eight studies in this cluster explain the role of market factors and fund performance in investment decisions. Li et al (2017) document that investors are sensitive to information signals and that their investment decisions are driven by ambiguity aversion. Kaniel and Parham (2017) document that media attention is a significant factor that drives fund flows.…”

Section: Mutual Funds Marketingmentioning

confidence: 99%

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Mutual funds marketing: a hybrid review and framework development

Thakker,

Kalro,

Joshipura

et al. 2023

IJBM

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PurposeThis study examines current dynamics, consolidates current knowledge, elicits trends, identifies and analyzes primary research clusters, and offers future research directions for mutual fund marketing.Design/methodology/approachUsing bibliographic information from the SCOPUS database, this study used sequential bibliometric (143 documents) and content analyses (37 documents). Bibliometric analysis aids descriptive analysis and science mapping, while content analysis facilitates identifying and analyzing research clusters and provides future research directions.FindingsThe study identifies publication trends, the most relevant authors, and journal articles and unveils the knowledge structures of the field. Analysis of bibliographic coupling reveals the following significant clusters: (1) socially responsible investing and investor preferences, (2) investor factors and traits and investment decisions; (3) external factors, mutual funds' performance and proxy information; (4) the role of disclosures and ratings in shaping investment choices, and (5) cognitive biases, information processing errors and investor behavior. Finally, it offers future research directions.Research limitations/implicationsUsing different databases, bibliometric analysis tools, study periods or article screening criteria for the study might yield different results. However, this study's significant findings are robust to such alternatives.Practical implicationsThis study summarizes primary clusters and identifies gaps in the current literature, which helps scholars, practitioners, regulators and policymakers understand the nuances of mutual funds marketing. Future studies may focus on the role of online and offline integration, using neuroscience for data m and contemporary investment behavior models.Originality/valueThis is the first study to apply a two-stage sequential hybrid review of articles published over the last decade in high-quality journals, enabling an analysis of the depth and breadth of mutual funds marketing research.

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Arguing to Defeat: Eristic Argumentation and Irrationality in Resolving Moral Concerns

Kurdoglu

Ateş

2020

J Bus Ethics

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Investment Decisions Under Ambiguity: Evidence from Mutual Fund Investor Behavior

Cited by 24 publications

References 54 publications

Ambiguity aversion: bibliometric analysis and literature review of the last 60 years

Ambiguity aversion: bibliometric analysis and literature review of the last 60 years

Mutual funds marketing: a hybrid review and framework development

Arguing to Defeat: Eristic Argumentation and Irrationality in Resolving Moral Concerns

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