{"id":"https://openalex.org/W3121443641","doi":"https://doi.org/10.1287/mnsc.2016.2681","title":"Investor\u2013Stock Decoupling in Mutual Funds","display_name":"Investor\u2013Stock Decoupling in Mutual Funds","publication_year":2017,"publication_date":"2017-04-04","ids":{"openalex":"https://openalex.org/W3121443641","doi":"https://doi.org/10.1287/mnsc.2016.2681","mag":"3121443641"},"language":"en","primary_location":{"id":"doi:10.1287/mnsc.2016.2681","is_oa":false,"landing_page_url":"https://doi.org/10.1287/mnsc.2016.2681","pdf_url":null,"source":{"id":"https://openalex.org/S33323087","display_name":"Management Science","issn_l":"0025-1909","issn":["0025-1909","1526-5501"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310315699","host_organization_name":"Institute for Operations Research and the Management Sciences","host_organization_lineage":["https://openalex.org/P4310315699"],"host_organization_lineage_names":["Institute for Operations Research and the Management Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Management Science","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5100653150","display_name":"Miguel A. Ferreira","orcid":"https://orcid.org/0000-0003-0537-2703"},"institutions":[{"id":"https://openalex.org/I83558840","display_name":"Universidade Nova de Lisboa","ror":"https://ror.org/02xankh89","country_code":"PT","type":"education","lineage":["https://openalex.org/I83558840"]}],"countries":["PT"],"is_corresponding":false,"raw_author_name":"Miguel A. Ferreira","raw_affiliation_strings":["Nova School of Business and Economics, 1099-032 Lisbon, Portugal"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Nova School of Business and Economics, 1099-032 Lisbon, Portugal","institution_ids":["https://openalex.org/I83558840"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5082969052","display_name":"Massimo Massa","orcid":"https://orcid.org/0000-0002-5464-2717"},"institutions":[{"id":"https://openalex.org/I102272798","display_name":"INSEAD","ror":"https://ror.org/00ghzk478","country_code":"FR","type":"education","lineage":["https://openalex.org/I102272798"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Massimo Massa","raw_affiliation_strings":["INSEAD, 77305 Fontainebleau Cedex, France"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"INSEAD, 77305 Fontainebleau Cedex, France","institution_ids":["https://openalex.org/I102272798"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5032502505","display_name":"Pedro Matos","orcid":"https://orcid.org/0000-0003-3388-9515"},"institutions":[{"id":"https://openalex.org/I51556381","display_name":"University of Virginia","ror":"https://ror.org/0153tk833","country_code":"US","type":"education","lineage":["https://openalex.org/I51556381"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Pedro Matos","raw_affiliation_strings":["Darden School of Business, University of Virginia, Charlottesville, Virginia 22903"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Darden School of Business, University of Virginia, Charlottesville, Virginia 22903","institution_ids":["https://openalex.org/I51556381"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5032502505"],"corresponding_institution_ids":["https://openalex.org/I51556381"],"apc_list":null,"apc_paid":null,"fwci":3.0502,"has_fulltext":false,"cited_by_count":23,"citation_normalized_percentile":{"value":0.9209359,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":99},"biblio":{"volume":"64","issue":"5","first_page":"2144","last_page":"2163"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9998999834060669,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9998999834060669,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9948999881744385,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9905999898910522,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/hedge-fund","display_name":"Hedge fund","score":0.696370005607605},{"id":"https://openalex.org/keywords/equity","display_name":"Equity (law)","score":0.6058331727981567},{"id":"https://openalex.org/keywords/stock","display_name":"Stock (firearms)","score":0.5681647658348083},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5313449501991272},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.4753926992416382},{"id":"https://openalex.org/keywords/accredited-investor","display_name":"Accredited investor","score":0.44858551025390625},{"id":"https://openalex.org/keywords/stock-market","display_name":"Stock market","score":0.41565099358558655},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3770759701728821},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.32847559452056885},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.3223099708557129}],"concepts":[{"id":"https://openalex.org/C204434749","wikidata":"https://www.wikidata.org/wiki/Q105611","display_name":"Hedge fund","level":2,"score":0.696370005607605},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.6058331727981567},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5681647658348083},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5313449501991272},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4753926992416382},{"id":"https://openalex.org/C178633814","wikidata":"https://www.wikidata.org/wiki/Q4218461","display_name":"Accredited investor","level":2,"score":0.44858551025390625},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.41565099358558655},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3770759701728821},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.32847559452056885},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3223099708557129},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1287/mnsc.2016.2681","is_oa":false,"landing_page_url":"https://doi.org/10.1287/mnsc.2016.2681","pdf_url":null,"source":{"id":"https://openalex.org/S33323087","display_name":"Management Science","issn_l":"0025-1909","issn":["0025-1909","1526-5501"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310315699","host_organization_name":"Institute for Operations Research and the Management Sciences","host_organization_lineage":["https://openalex.org/P4310315699"],"host_organization_lineage_names":["Institute for Operations Research and the Management Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Management Science","raw_type":"journal-article"},{"id":"pmh:oai:run.unl.pt:10362/38745","is_oa":false,"landing_page_url":"http://www.scopus.com/inward/record.url?scp=85047251882&partnerID=8YFLogxK","pdf_url":null,"source":{"id":"https://openalex.org/S4306401014","display_name":"New University of Lisbon's Repository (New University of Lisbon)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":null,"raw_type":"journal article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Partnerships for the goals","score":0.550000011920929,"id":"https://metadata.un.org/sdg/17"}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":40,"referenced_works":["https://openalex.org/W1510971528","https://openalex.org/W2002704642","https://openalex.org/W2008542404","https://openalex.org/W2032504722","https://openalex.org/W2055337889","https://openalex.org/W2061978002","https://openalex.org/W2070485212","https://openalex.org/W2104795328","https://openalex.org/W2106072285","https://openalex.org/W2113232365","https://openalex.org/W2118205861","https://openalex.org/W2125585375","https://openalex.org/W2131243673","https://openalex.org/W2136120210","https://openalex.org/W2139163404","https://openalex.org/W2155369257","https://openalex.org/W2165723500","https://openalex.org/W2166215547","https://openalex.org/W2167915877","https://openalex.org/W2169786125","https://openalex.org/W2171168084","https://openalex.org/W3121296511","https://openalex.org/W3121401171","https://openalex.org/W3121412182","https://openalex.org/W3121581126","https://openalex.org/W3122023935","https://openalex.org/W3122149394","https://openalex.org/W3122369967","https://openalex.org/W3122935760","https://openalex.org/W3122948958","https://openalex.org/W3123039400","https://openalex.org/W3123600049","https://openalex.org/W3123661710","https://openalex.org/W3123700708","https://openalex.org/W3124322811","https://openalex.org/W3124358014","https://openalex.org/W3124478565","https://openalex.org/W3124599059","https://openalex.org/W3125473384","https://openalex.org/W3126064374"],"related_works":["https://openalex.org/W1988513709","https://openalex.org/W1974638485","https://openalex.org/W2009839884","https://openalex.org/W3021680565","https://openalex.org/W2093592663","https://openalex.org/W2179447235","https://openalex.org/W1989596158","https://openalex.org/W2353627471","https://openalex.org/W3123850244","https://openalex.org/W3125839596"],"abstract_inverted_index":{"We":[0,72],"investigate":[1],"whether":[2],"mutual":[3,46],"funds":[4,47,54],"whose":[5],"investors":[6],"and":[7,36,62,87,93],"stocks":[8],"are":[9],"decoupled":[10],"(i.e.,":[11],"investor":[12],"location":[13],"does":[14],"not":[15],"coincide":[16],"with":[17,55],"that":[18,53,75],"of":[19,44],"the":[20,68],"stock":[21],"holdings)":[22],"benefit":[23],"from":[24,48],"a":[25,42],"natural":[26],"hedge":[27],"as":[28],"they":[29],"have":[30],"fewer":[31,37],"outflows":[32],"during":[33,39,67],"market":[34],"downturns":[35],"inflows":[38],"upturns.":[40],"Using":[41],"sample":[43],"equity":[45],"26":[49],"countries,":[50],"we":[51],"find":[52,74],"higher":[56,60],"investor\u2013stock":[57],"decoupling":[58,76],"exhibit":[59],"performance,":[61],"this":[63],"is":[64,100],"more":[65,85],"pronounced":[66],"2007\u20132008":[69],"financial":[70],"crisis.":[71],"also":[73],"allows":[77],"fund":[78],"managers":[79],"to":[80],"take":[81],"less":[82,94],"risk,":[83],"be":[84],"active,":[86],"tilt":[88],"their":[89],"portfolios":[90],"toward":[91],"smaller":[92],"liquid":[95],"stocks.":[96],"The":[97],"Internet":[98],"appendix":[99],"available":[101],"at":[102],"https://doi.org/10.1287/mnsc.2016.2681":[103],".":[104],"This":[105],"paper":[106],"was":[107],"accepted":[108],"by":[109],"Wei":[110],"Jiang,":[111],"finance.":[112]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":7},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1}],"updated_date":"2026-08-15T07:11:24.734988","created_date":"2025-10-10T00:00:00"}