Time distance and mutual fund holding horizon : Evidence from a quasi-natural experiment setting of high-speed railway opening
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
Author(s)
Related Research Unit(s)
Detail(s)
| Original language | English |
|---|---|
| Pages (from-to) | 4277-4312 |
| Number of pages | 36 |
| Journal / Publication | Accounting and Finance |
| Volume | 64 |
| Issue number | 4 |
| Online published | 5 Aug 2024 |
| Publication status | Published - Dec 2024 |
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Abstract
Using a quasi-natural experiment, we investigate whether the opening of high-speed railways affects mutual fund holdings. Applying the difference-in-difference method, we find that mutual fund holdings in remote listed companies increase after the introduction of high-speed railways in their cities. This effect is primarily observed within the optimal interval of the railway. Opening high-speed railways also facilitates mutual fund visits to remote listed companies, resulting in increased holdings. © 2024 Accounting and Finance Association of Australia and New Zealand.
Research Area(s)
- high-speed railways, mutual fund holdings, site visit, time distance
Citation Format(s)
Time distance and mutual fund holding horizon: Evidence from a quasi-natural experiment setting of high-speed railway opening. / Chen, Xuanyi; Liu, Qiliang; Tian, Li et al.
In: Accounting and Finance, Vol. 64, No. 4, 12.2024, p. 4277-4312.
In: Accounting and Finance, Vol. 64, No. 4, 12.2024, p. 4277-4312.
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
