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Indirect incentives of hedge fund managers
Lim, Jongha; Sensoy, Berk A.; Weisbach, Michael S. - In: The journal of finance : the journal of the American … 71 (2016) 2, pp. 871-918
Persistent link: https://www.econbiz.de/10011482355
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Indirect incentives of hedge fund managers
Lim, Jongha; Sensoy, Berk A.; Weisbach, Michael S. - 2013
Persistent link: https://www.econbiz.de/10009733351
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Indirect incentives of hedge fund managers
Lim, Jongha; Sensoy, Berk A.; Weisbach, Michael S. - 2013
direct incentives from incentive fees and managers' personal stakes in the fund. Combining direct and indirect incentives …
Persistent link: https://www.econbiz.de/10009724568
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Indirect Incentives of Hedge Fund Managers
Lim, Jongha - 2013
managers. Flows respond quickly and strongly to performance; lagged performance has a monotonically decreasing impact on flows … times as large as direct incentives from incentive fees and returns to managers' own investment in the fund. For new funds … generated for their investors in a given year, managers receive close to another dollar in direct performance fees plus the …
Persistent link: https://www.econbiz.de/10012459758
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Optimal Executive Compensation vs. Managerial Power : A Review of Lucian Bebchuk and Jesse Fried's "Pay Without Performance: The Unfulfilled Promise of Executive Compensation"
Weisbach, Michael S. - 2007
This essay reviews Bebchuk and Fried's quot;Pay without Performance: The Unfulfilled Promise of Executive Compensationquot;. Bebchuk and Fried criticize the standard view of executive compensation, in which executives negotiate contracts with shareholders that provide incentives that motivate...
Persistent link: https://www.econbiz.de/10012778036
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Indirect Incentives of Hedge Fund Managers
Lim, Jongha - 2013
managers. Flows respond quickly and strongly to performance; lagged performance has a monotonically decreasing impact on flows … times as large as direct incentives from incentive fees and returns to managers' own investment in the fund. For new funds … generated for their investors in a given year, managers receive close to another dollar in direct performance fees plus the …
Persistent link: https://www.econbiz.de/10013084738
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Optimal executive compensation versus managerial power : a review of Lucian Bebchuk and Jesse Fried's "Pay without performance: the unfulfilled promise of executive compensation"
Weisbach, Michael S. - In: Journal of economic literature 45 (2007) 2, pp. 419-428
Persistent link: https://www.econbiz.de/10003580655
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Pay for Performance from Future Fund Flows : The Case of Private Equity
Chung, Ji-Woong - 2010
Lifetime incomes of private equity general partners are affected by their current funds' performance through both carried interest profit sharing provisions, and also by the effect of the current fund's performance on general partners' abilities to raise capital for future funds. We present a...
Persistent link: https://www.econbiz.de/10012462287
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Pay for Performance from Future Fund Flows : The Case of Private Equity
Chung, Ji-Woong - 2010
Lifetime incomes of private equity general partners are affected by their current funds' performance through both carried interest profit sharing provisions, and also by the effect of the current fund's performance on general partners' abilities to raise capital for future funds. We present a...
Persistent link: https://www.econbiz.de/10013138086
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Pay for Performance from Future Fund Flows : The Case of Private Equity
Chung, Ji-Woong - 2011
Lifetime incomes of private equity general partners (GPs) are affected by their current funds' performance not only directly, through carried interest profit-sharing provisions, but also indirectly by the effect of the current fund's performance on GPs' abilities to raise capital for future...
Persistent link: https://www.econbiz.de/10013133889