difficulties between managers specializing in particular asset classes, no market timing is evident in team-managed balanced funds …

Do entrepreneurs consider the risk of their business equity when making investment portfolio allocations? Many people … hypothesis suggests that entrepreneurs would offset high business income risk by selecting a more conservative investment … proprietary income show higher risk tolerance than non-entrepreneurs do. Further evidence suggests that a comprehensive measure of …

dividend policy may be influenced by managers “catering” to the demands of investors and also the effects of aggregate earnings …

constraints that act on these processes, leave managers with considerable power to shape their own pay arrangements. Examining the …

instrument for addressing the agency problem between managers and shareholders but also as part of the agency problem itself … managers. As a result, managers wield substantial influence over their own pay arrangements, and they have an interest in … reducing the saliency of the amount of their pay and the extent to which that pay is de-coupled from managers’ performance. We …