© 2014

Macro Attractiveness and Micro Decisions in the Mutual Fund Industry

An Empirical Analysis


Part of the ZEW Economic Studies book series (ZEW, volume 47)

Table of contents

  1. Front Matter
    Pages i-xii
  2. Gunnar Lang
    Pages 1-9
  3. Gunnar Lang
    Pages 11-21
  4. Gunnar Lang
    Pages 145-150
  5. Back Matter
    Pages 151-178

About this book


This volume addresses the attractiveness of financial centers with a primary focus on the mutual fund industry. It uses different empirical analysis approaches in an attempt to disentangle the reasons for location attractiveness and in order to identify its influence on fund pricing. The presented research tackles an issue that is fundamental to the understanding of organizational behavior in finance – the rationale in the decision-making process of market participants and its consequences for an economy.​


Financial Centers Financial Crisis Financial Market Integration Location Decisions Mutual Funds

Authors and affiliations

  1. 1.Centre for European Economic Research, ZEWMannheimGermany

About the authors

Gunnar Lang is Senior Researcher at the ZEW Research Department "International Finance and Financial Management". He was a visiting researcher at Harvard Business School in 2009 and 2010. He also held a visiting position in the research unit of the United States Housing and Urban Development Department in Washington, DC in 2010. Prior to his doctoral studies, he worked for a major German bank in several divisions and for a software corporation in the business strategy unit. He holds a doctoral degree in Business Administration from the University of Stuttgart and a Diplom Volkswirt (equals MA in Economics) from Heidelberg University. He teaches in several executive education programmes.

Bibliographic information