Title :
Notice of Retraction
Word-of-mouth effects in the investment of Chinese mutual fund managers
Author :
Xiaomei Li ; Zhixin Liu
Author_Institution :
Sch. of Econ. & Manage., Beihang Univ., Beijing, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
This paper investigates relationship between investment of mutual fund managers from different cities and different fund families in China. The results show that “own-city” effects are larger than “other-city” effects. A mutual fund manager is more likely to buy (or sell) a particular stock in each semi-annual if other managers in the same city are buying (or selling) that same stock. This evidence can be interpreted in terms of word of mouth effects. Managers spread information and ideas about stocks to one another directly through word-of-mouth communication, which affects their investment behaviors.
Keywords :
advertising; investment; stock markets; Chinese mutual fund managers; investment; other-city effects; own-city effects; stocks; word-of- mouth communication; word-of-mouth effects; Cities and towns; Integrated circuits; Fund family; Fund manager investment behavior; Word-of-mouth effect;
Conference_Titel :
Computer and Communication Technologies in Agriculture Engineering (CCTAE), 2010 International Conference On
Conference_Location :
Chengdu
Print_ISBN :
978-1-4244-6944-4
DOI :
10.1109/CCTAE.2010.5543196
