Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10009772202
An implicit assumption of the tournament hypothesis of mutual fund behavior is that managers intentionally modify portfolio risk in response to interim out- or underperformance. We present empirical evidence that associations between interim performance and subsequent volatility remain present...
Persistent link: https://www.econbiz.de/10013092750