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Keywords: Substitution effect
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Journal Articles
Journal:
Managerial Finance
Managerial Finance (2018) 44 (3): 303–325.
Published: 12 March 2018
... Publishing Limited 2018 Emerald Publishing Limited Licensed re-use rights only Mutual funds Clientele effect Exchange-traded funds Substitution effect The introduction of lower cost exchange-traded funds (ETFs) with tax advantages and intraday liquidity, coupled with existing literature...
