There has been a widespread public attention and academic interest on family ownerships in emerging Asian countries. Although family ownerships can lead to direct and effective monitoring of managerial discretion and lower principal-agent costs, they also want to increase corporate performance....

This paper studies the effect of perceived manager trustworthiness on hedge fund investment. Controlling for past-performance, we find that hedge fund managers whose photographs are rated as more trustworthy are able to attract greater fund flows, in the medium performance range, and have a...