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Q. Chen, I. Glodstein and W. Jiang, “Payoff Complementarities and Financial Fragility: Evidence from Mutual Fund Outflows,” Journal of Financial Economics, Vol. 97, No. 2, 2010, pp. 239-262. doi:10.1016/j.jfineco.2010.03.016

has been cited by the following article:

• TITLE: Asset Pricing with Relative Performance and Heterogeneous Agents

  AUTHORS: Ting Levy, Xiangbo Liu, Zijun Liu, Zhigang Qiu

  KEYWORDS: Portfolio Choice; Asset Pricing; Relative Performance

  JOURNAL NAME: Theoretical Economics Letters, Vol.2 No.5, December 28, 2012

  ABSTRACT: This paper studies the impact of relative performance on portfolio choices and asset prices when fund managers differ in size and exogenous financial shocks. We find that with these heterogeneities, fund managers change their trading behaviors significantly.