Portfolio Manager Ownership and Mutual Fund Risk Taking

Portfolio Manager Ownership and Mutual Fund Risk Taking

This study examines the effects of portfolio manager ownership on the risk-taking behavior of mutual funds. Using both return-based and holding-based risk measures, we find that funds managed by portfolio managers with higher beneficial ownership exhibit lower risk. In particular, using holding-base...

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Bibliographic Details
Main Authors: MA, Linlin, TANG, Yuehua
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2013
Subjects:
Mutual Funds
Managerial Ownership
Fund Risk
Risk Shifting
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/3694
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2024119
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/3694
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2024119

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