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Choosing two business degrees versus choosing one : what does it tell about mutual fund managers' investment behavior?
Andreu, Laura; Pütz, Alexander - 2016 - [Rev.]
, we compare investment risk and style of managers with both a CFA designation and an MBA degree to managers with only one …. We rule out several alternative explanations: our results are not driven by the respective contents of the MBA and the … CFA program, by the manager's skill, or by the fund family's investment policy. …
Persistent link: https://www.econbiz.de/10011591921
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Choosing two business degrees versus choosing one : what does it tell about mutual fund managers' investment behavior?
Andreu, Laura; Puetz, Alexander - In: Journal of business research : JBR 75 (2017), pp. 138-146
Persistent link: https://www.econbiz.de/10011699809
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Choosing two business degrees versus choosing one: What does it tell about mutual fund managers' investment behavior?
Andreu, Laura; Pütz, Alexander - 2016
, we compare investment risk and style of managers with both a CFA designation and an MBA degree to managers with only one …. We rule out several alternative explanations: our results are not driven by the respective contents of the MBA and the … CFA program, by the manager's skill, or by the fund family's investment policy. …
Persistent link: https://www.econbiz.de/10011600054
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Do generalists profit from the fund families' specialists? : evidence from mutual fund families offering sector funds
Göricke, M.-A. - 2016 - This draft: December 2016
This paper analyzes how the existence of sector funds (specialists) within a mutual fund family affects the performance and investment behavior of affiliated diversified equity funds (generalists). First of all, I show that specialists have stock picking skills. Second, information flows from...
Persistent link: https://www.econbiz.de/10011568235
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Are SRI funds conventional funds in disguise or do they live up to their name?
Nitsche, Christin; Schröder, Michael - 2015
In recent years, the socially responsible investing (SRI) industry has become an important segment of international capital markets by incorporating ESG (Environmental, Social and Governance) factors into investment selection and management processes. This study analyses whether SRI mutual funds...
Persistent link: https://www.econbiz.de/10010511288
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Are SRI funds conventional funds in disguise or do they live up to their name?
Nitsche, Christin; Schröder, Michael - 2015
In recent years, the socially responsible investing (SRI) industry has become an important segment of international capital markets by incorporating ESG (Environmental, Social and Governance) factors into investment selection and management processes. This study analyses whether SRI mutual funds...
Persistent link: https://www.econbiz.de/10010519456
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Mutual fund investment horizon and performance
Lan, Chunhua; Moneta, Fabio; Wermers, Russ - 2015
This paper proposes several new holdings-based measures of fund investment horizon, and examines the relation between manager skills and fund holding horizon. We find that both aggregate holdings and trades of long-horizon funds are informative about superior future long-term stock returns,...
Persistent link: https://www.econbiz.de/10011307799
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What they did in their previous life : the investment value of mutual fund managers' experience outside the financial sector
Cici, Gjergji; Gehde-Trapp, Monika; Göricke, Marc-André; … - 2014 - This Draft: October 2014
We document that prior work experience of mutual fund managers outside of the asset management industry is valuable from an investment perspective in that it provides managers with a stock picking and industry timing advantage. Fund managers' stock picks from industries where they previously...
Persistent link: https://www.econbiz.de/10010410563
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Is it Who You Know or What You Know? Evidence from IPO Allocations and Mutual Fund Performance
Hwang, Chuan-Yang - 2016
Consistent with Chevalier and Ellison (1999), we find that mutual fund managers with degrees from elite universities tend to outperform their counterparts from less elite universities. The abnormal performance can be characterized as “fast performance,” the stocks they select realize excess...
Persistent link: https://www.econbiz.de/10013001077
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Redemption in kind and mutual fund liquidity management
Agarwal, Vikas; Ren, Honglin; Shen, Ke; Zhao, Haibei - 2021
Open-end mutual funds can use redemption in kind to satisfy investor redemptions by delivering securities instead of cash. We find that funds that reserve their rightsto redeem in kind experience less redemption after poor performance. Evidence from actual in-kind transactions reveals several...
Persistent link: https://www.econbiz.de/10012818297