Add to ORKGFor a sample of global and international equity mutual funds, we test the proposition that managers likely to end up as “losers” manipulate fund risk differently from interim winners. In contrast with Brown, Harlow, and Starks (1996) who found robust support for the tournament model, we found no evidence of tournament like behavior for international and global mutual funds. A possible explanation of this behavior is that investors in these funds are primarily seeking diversification and therefore are less sensitive to relative performance
The mutual fund industry resembles a tournament situation. Funds change their risk in dependence of ...
There is now extensive empirical evidence showing that fund managers have relative performance objec...
A growing empirical literature tests for tournament behavior in the mutual fund industry. The tourna...
For a sample of global and international equity mutual funds, we test the proposition that managers ...
Purpose – the purpose of this paper is to examine the tournament hypothesis in the uk mutual fund ma...
Purpose – The purpose of this paper is to examine the tournament hypothesis in the UK mutual fund ma...
Since the seminal paper of Brown, Harlow and Starks (1996), researchers have found conflicting resul...
The issue of whether mutual fund managers behave as though they are competing in a tournament has be...
Taylor's [Taylor, J. (2003). Risk-taking behavior in mutual fund tournaments, Journal of Econom...
Taylor's [Taylor, J. (2003). Risk-taking behavior in mutual fund tournaments, Journal of Economic Be...
The objective of this study is to evaluate the mutual fund tournament, i.e., an agency issue betwee...
Evidence regarding the tournament hypothesis are mixed. In this thesis, we conduct the tournament an...
The structure of the Asian managed funds market presents a unique setting to examine the risk-shifti...
This study empirically examines the implications of tournament theory in two very different contexts...
There is now extensive empirical evidence showing that fund managers have relative performance objec...
The mutual fund industry resembles a tournament situation. Funds change their risk in dependence of ...
There is now extensive empirical evidence showing that fund managers have relative performance objec...
A growing empirical literature tests for tournament behavior in the mutual fund industry. The tourna...
For a sample of global and international equity mutual funds, we test the proposition that managers ...
Purpose – the purpose of this paper is to examine the tournament hypothesis in the uk mutual fund ma...
Purpose – The purpose of this paper is to examine the tournament hypothesis in the UK mutual fund ma...
Since the seminal paper of Brown, Harlow and Starks (1996), researchers have found conflicting resul...
The issue of whether mutual fund managers behave as though they are competing in a tournament has be...
Taylor's [Taylor, J. (2003). Risk-taking behavior in mutual fund tournaments, Journal of Econom...
Taylor's [Taylor, J. (2003). Risk-taking behavior in mutual fund tournaments, Journal of Economic Be...
The objective of this study is to evaluate the mutual fund tournament, i.e., an agency issue betwee...
Evidence regarding the tournament hypothesis are mixed. In this thesis, we conduct the tournament an...
The structure of the Asian managed funds market presents a unique setting to examine the risk-shifti...
This study empirically examines the implications of tournament theory in two very different contexts...
There is now extensive empirical evidence showing that fund managers have relative performance objec...
The mutual fund industry resembles a tournament situation. Funds change their risk in dependence of ...
There is now extensive empirical evidence showing that fund managers have relative performance objec...
A growing empirical literature tests for tournament behavior in the mutual fund industry. The tourna...