A Tangled Tale of Training and Talent : PhDs in Institutional Asset Management

Performance of investment products managed by firms in which PhDs play a key role is superior to the performance of products managed by otherwise similar firms. This relation is not a result of endogenous matching between firms and PhDs. Performance is related to training (the field of study) because economics or finance PhDs outperform other PhDs. Performance is also related to talent because PhDs who published in top outlets outperform other PhDs. Field-specific training does not matter among the most talented PhDs because the performance gap between economics or finance PhDs and other PhDs completely disappears among published PhDs

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Year of publication:	2017
Authors:	Chaudhuri, Ranadeb
Other Persons:	Ivkovich, Zoran (contributor) ; Pollet, Joshua Matthew (contributor) ; Trzcinka, Charles (contributor)
Publisher:	[2017]: [S.l.] : SSRN
Subject:	Vermögensverwaltung \| Asset management \| Personalentwicklung \| Human resource development \| Institutioneller Investor \| Institutional investor \| Hochqualifizierte Arbeitskräfte \| Highly skilled workers \| Betriebliches Bildungsmanagement \| Employer-provided training \| Portfolio-Management \| Portfolio selection

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Extent:	1 Online-Ressource (52 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 16, 2017 erstellt
Other identifiers:	10.2139/ssrn.2344938 [DOI]
Classification:	G23 - Pension Funds; Other Private Financial Institutions ; G14 - Information and Market Efficiency; Event Studies ; J41 - Contracts: Specific Human Capital, Matching Models, Efficiency Wage Models, and Internal Labor Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012973843