This paper studies the relationship between mutual fund manager investment horizons and managerial risk …-taking decisions. I find that in general mutual funds reporting longer maximum evaluation horizons have lower risk levels. The low risk … investment horizon and optimal risk taking is indeed negative for managers confident in their investment abilities. Overall, this …

mutual fund investors consider climate-related transition risk to be an undesirable fund feature and accordingly allocate … more money to funds with lower climate-related transition risk. The size of the impact of this risk on fund flows differs …

To explore how portfolio allocations among equities, fixed income securities, and cash are impacted by investors' risk …

To explore how portfolio allocations among equities, fixed income securities, and cash are impacted by investors' risk …

managers to achieve better returns, but they could also result in excessive risk taking. While we find evidence that these …

We show that mutual fund managers' trading experiences bias their future repurchasing decisions. Specifically, a fund … informed-trading hypothesis, the repurchasing bias harms fund performance: repurchased winners outperform funds trading these …

We show that early-life family disruption (death or divorce of a parent) causes fund managers to be more risk averse … when they manage their own funds. Treated managers take lower systematic, idiosyncratic, and downside risk than non …