Sensation-seeking hedge funds

Using a novel dataset of hedge fund manager automobile purchases, we show that, motivated by sensation seeking, hedge fund managers often take risk for personal and non-pecuniary reasons. In line with the sensation seeking view, managers who own powerful sports cars take on more investment risk but...

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Bibliographic Details
Main Authors: BROWN, Stephen, LU, Yan, RAY, Sugata, TEO, Melvyn
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2017
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Online Access:https://ink.library.smu.edu.sg/lkcsb_research/5253
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6252/viewcontent/SensationSeekingHedgeFunds_2017.pdf
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Institution: Singapore Management University
Language: English
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