haku: @author Watts, S.G. / yhteensä: 2
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| Tekijä: | Bagnoli, M. Watts, S.G. |
| Otsikko: | Chasing hot funds: the effects of relative performance on portfolio choice |
| Lehti: | Financial Management
2000 : AUTUMN, VOL. 29:3, p. 31-50 |
| Asiasana: | INVESTMENT PORTFOLIO MANAGEMENT |
| Kieli: | eng |
| Tiivistelmä: | The authors study the way in which SEC restriction on fund manager compensation affect portfolio choice when investors buy into funds whose recent performance has been good. The authors find that fund managers choose riskier portfolios than they would if there were no contracting restrictions and that these portfolios are riskier than the optimal risky portfolio. |
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