Naidenova, Iuliia N.; Parshakov, Petr A.; Zavertiaeva, … - National Research University Higher School of Economics - 2015
This is the first paper to explore which characteristics of Russian fund managers are connected with a higher abnormal return (measured by Jensen’s alpha) and risk (beta) for mutual funds. While only some fund managers publish biographic sketches we use the Heckman procedure to control for...