Risk Shifting and Mutual Fund Performance
نویسندگان
چکیده
منابع مشابه
Risk Shifting and Mutual Fund Performance∗
Mutual funds change their risk levels significantly over time. Risk shifting might be caused by ill-motivated trades of unskilled or agency-prone fund managers who trade to increase their personal compensation. Alternatively, risk shifting might occur when skilled fund managers trade to take advantage of their stock selection and timing abilities. This paper investigates the performance consequ...
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ژورنال
عنوان ژورنال: Review of Financial Studies
سال: 2011
ISSN: 0893-9454,1465-7368
DOI: 10.1093/rfs/hhr001