Economic Policy Uncertainty and Mutual Fund’s Risk Adjusting Behavior in China

Compensation Incentives and Risk Taking Behavior: Evidence from Mutual Funds

This paper examines the role of compensation contracts in determining risk taking decisions by money managers in the nancial industry. A methodology is developed for empirically testing and assessing the magnitude of the e ect that incentive contracts have on risk taking in the mutual fund industry using panel data. The methodology exploits the withinyear cross sectional variation in the perfor...

On Performance and Persistence of Mutual Funds in China By

The role of investors’ objective financial knowledge on the assessment of risk disclosures in mix mutual funds advertisements in Iran (The evidence of mutual funds in Iran)

Financial literacy of investors reduces uncertainty on future decisions and increases predictability of investment policies in financial markets. Thus, the lack of clear information on financial markets is a determining factor in the arrival of domestic and foreign capitals and their quick exit in case of crisis. The lack of transparency and basic knowledge on decisions and failure to provide r...

Risk-Adjusted Performance of Mutual Funds

T he number of mutual funds has grown dramatically in recent years. The Financial Research Corporation data base, the source of data for this article, lists 7,734 distinct mutual fund portfolios. Mutual funds are now the preferred way for individual investors and many institutions to participate in the capital markets, and their popularity has increased demand for evaluations of fund performanc...

Mutual Funds in Equilibrium∗

Historically, the literature on money management has not consistently applied the rational expectations equilibrium concept. We explain why and summarize recent developments in the money management literature that do apply this concept correctly. We demonstrate that in many respects the rational expectations equilibrium better approximates the observed equilibrium in the money management space ...