Public versus Private Ownership and Fund Manager Turnover
نویسندگان
چکیده
منابع مشابه
Portfolio Manager Ownership and Fund Performance:
This paper documents the range of portfolio manager ownership in the funds they manage and examines whether higher ownership is associated with improved future performance. Almost half of all managers have ownership stakes in their funds, though the absolute investment is modest. Future risk-adjusted performance is positively related to managerial ownership, with performance improving by about ...
متن کاملState versus Private Ownership
Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain costs must be strong. In essence, this is the case for capitalism over socialism, explaining the "dynamic vitality" of free enterprise. The great economists of the 1930s and 1940s failed to see the dangers of socialism in part because they focused on the role of prices under social...
متن کاملDoes portfolio manager ownership affect fund performance? Finnish evidence
By using a unique dataset of Finnish mutual funds and fund managers, we investigate whether manager ownership is related to fund performance. When we examine manager ownership measured as a percentage of the fund’s total assets, we find no relation between ownership and performance. This finding contradicts with US evidence. Further, when we employ ownership measured as a percentage of the mana...
متن کاملPrivate ownership of public heritage
In 2003, the world celebrated the fiftieth anniversary of the elucidation of the structure of DNA and, thus, the birth of molecular biology. As this period is now a part of human history, original documents from the founders of molecular biology are becoming increasingly important to scholars, and are being harshly fought over by public libraries and private collectors. Private correspondence, ...
متن کاملPublic versus Private Blockchains
Blockchain-based solutions are one of the major areas of research for institutions, particularly in the financial and the government sectors. There is little disagreement that backbone technologies currently used in these sectors are outdated and need an overhaul to conform to the needs of the times. Distributed or decentralized ledgers in the form of blockchains are one of themost discussed po...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Financial Management
سال: 2012
ISSN: 0046-3892
DOI: 10.1111/j.1755-053x.2012.01220.x