Selection Bias in Mutual Fund Fire Salesdoi:10.2139/ssrn.3011027Mutual FundsFeedback EffectFire SalesSelection BiasTrading pressure following mutual fund outflows generates a potentially powerful quasi-experimental setting in which stock price variation is orthogonal to firmSocial Science Electronic Publishing
Selection Bias in Mutual Fund Flow-Induced Fire Sales: Causes and Consequencesdoi:10.2139/ssrn.3011027Elizabeth Anne Berger
SELECTION bias (Statistics)MUTUAL fundsLIQUIDITY (Economics)STOCK pricesINSTRUMENTAL variables (Statistics)Liquidity trading following mutual fund outflows creates a potentially powerful empirical setting in which stock price variation is unrelated to changes in firm fundamentals. Instrumental variables (IVs)...