Do Mutual Fund Managers Time Market Sentiment?

Do Mutual Fund Managers Monitor Executive Compensation?

We find significant relations between active mutual fund portfolio holdings and executive compensation, which appear to be largely driven by mutual fund investment styles rather than monitoring behaviour. Aggressive growth fund holdings are associated with performance pay, while income fund holdings are negatively related. We also find that mutual fund holdings are insensitive to changes in exe...

Empirical Study: Do Fund Managers Herd to Counter Investor Sentiment?

Mutual fund competition and stock market liquidity

We study how competition in the mutual fund industry affects the stock market and its liquidity. We argue that mutual fund families operate as multi-product firms, jointly choosing fees, performance and number of funds. We show that competition between fund families distorts the incentives to collect information and induces the families to trade off performance and number of funds. An increase ...

Do ethical and conventional mutual fund managers show different risk-taking behavior?

This paper analyses the risk-taking behavior of a fund manager in response to prior performance by conducting a comparative analysis between ethical and conventional investment portfolios.We examine the influence on managerial risk taking of the compensation and employment incentives. Our analysis looks at the British and Italian markets. We find differences in behavior between the two groups, ...

Managers, Investors, and Crises: Mutual Fund Strategies in Emerging Markets