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Whether out of choice or necessity, an increasing number of people have more than two jobs. A 'portfolio' career, which can involve multiple short-term or part-time jobs, can offer freedom, flexibility and fulfilment
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Because analysts strategically allocate more effort to portfolio firms that are relatively more important for their careers, a firm's information environment is impacted by other firms covered by its analysts. Controlling for analyst and firm characteristics, an analyst makes more accurate,...
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Investment fund managers make asset allocation decisions on behalf of a significant segment of US households. To elucidate the incentives they operate under, as well as the income and career risks they face, we construct a unique and novel dataset, which encompasses detailed information on the...
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This paper incorporates human capital into the well-established portfolio theory by allowing for job security in …
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The standard theory of household-portfolio choice is hard to reconcile with the following facts: (i) Households hold a …
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