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Asymmetric contracts, cash flows and risk taking of mutual funds

Sheng, Jiliang; Wang, Jian; Xiaoting Wang; Yang, Jun - In: Economic modelling 38 (2014), pp. 436-442

Persistent link: https://www.econbiz.de/10010419017

Dynamic portfolio strategy by loss-averse fund managers facing performance-induced fund flows

Sheng, Jiliang; Xu, Si; An, Yunbi; Yang, Jun - In: International review of financial analysis 73 (2021), pp. 1-24

Persistent link: https://www.econbiz.de/10012803449

The effects of optimism bias in teams

Wang, Jian; Zhuang, Xintian; Yang, Jun; Sheng, Jiliang - In: Applied economics 46 (2014) 31/33, pp. 3980-3994

Persistent link: https://www.econbiz.de/10010419828

Dynamic asset pricing in delegated investment : an investigation from the perspective of heterogeneous beliefs of institutional and retail investors

Sheng, Jiliang; Xu, Si; An, Yunbi; Yang, Jun - In: Economic modelling 107 (2022), pp. 1-7

Persistent link: https://www.econbiz.de/10013367483

Fund sentiment beta and delegated investment

Wang, Jian; Yi, Shangkun; Xiaoting Wang; Yang, Jun - In: Applied economics letters 28 (2021) 11, pp. 902-905

Persistent link: https://www.econbiz.de/10012589693

Optimism bias, portfolio delegation, and economic welfare

Wang, Jian; Xiaoting Wang; Zhuang, Xintian; Yang, Jun - In: Economics letters 150 (2017), pp. 111-113

Persistent link: https://www.econbiz.de/10011764864

Incentive Contract in Delegated Portfolio Management Under VaR Constraint

Sheng, Jiliang - 2011

Linear contracts are popular in delegated portfolio management. This paper studies the incentive of linear performance-adjusted contracts in delegated portfolio management under a VaR constraint with a principal-agent model and numerical analysis. It is shown that a linear performance-based...

Persistent link: https://www.econbiz.de/10013120666

Rationalizing irrational beliefs

Dunbar, Geoffrey; Tu, Juan; Wang, Ruqu; Xiaoting Wang - 2006

Persistent link: https://www.econbiz.de/10003295767

Timing of effort and reward : three-sided moral hazard in a continuous-time model

Yang, Jun - In: Management science : journal of the Institute for … 56 (2010) 9, pp. 1568-1583

Persistent link: https://www.econbiz.de/10008661583

Systematic risk, debt maturity, and the term structure of credit spreads

Chen, Hui; Xu, Yu; Yang, Jun - In: Journal of financial economics 139 (2021) 3, pp. 770-799

Persistent link: https://www.econbiz.de/10012693781