Matches in SemOpenAlex for { <https://semopenalex.org/work/W137993837> ?p ?o ?g. }
- W137993837 abstract "Abstract Several theories of reputation suggest that managers’ career concerns affect their decisions. We investigate these theories by studying the behavior of hedge fund managers over their careers. In contrast with mutual fund managers who incur more risk over time, hedge fund managers take on less risk over time. This finding is consistent with certain industry characteristics which imply that experienced managers have “more to lose” in personal wealth, current income, and reputation should their funds fail. Most important, the propensity of experienced managers to reduce risk explains their underperformance. These results have implications for fund selection and incentive contract design. * Purdue University, Krannert Graduate School of Management, West Lafayette, IN 47907. E-mail: nboyson@mgmt.purdue.edu. Phone: (765) 496-7877. This paper is a revised version of an earlier paper entitled, “How are hedge fund manager characteristics related to returns, risk, and survival?” I would like to thank Vikas Agarwal, Richard Brealey, Stephen Brown, Steve Buser, Mike Cliff, Mike Cooper, Dave Denis, Diane Denis, Jean Helwege, David Hirshleifer, Kewei Hou, Andrew Karolyi, Bing Liang, Bernadette Minton, John McConnell, Narayan Naik, Karen Wruck, and Rene Stulz (my advisor), and seminar participants at The Ohio State University, Purdue University, and London Business School's Centre for Hedge Fund Research and Education. All remaining errors are my own." @default.
- W137993837 created "2016-06-24" @default.
- W137993837 creator A5003746446 @default.
- W137993837 creator A5004620923 @default.
- W137993837 creator A5008029031 @default.
- W137993837 creator A5008079200 @default.
- W137993837 creator A5010920115 @default.
- W137993837 creator A5015225653 @default.
- W137993837 creator A5018009542 @default.
- W137993837 creator A5022300681 @default.
- W137993837 creator A5024645316 @default.
- W137993837 creator A5050125133 @default.
- W137993837 creator A5057906263 @default.
- W137993837 creator A5059004644 @default.
- W137993837 creator A5059471455 @default.
- W137993837 creator A5062544143 @default.
- W137993837 creator A5066035235 @default.
- W137993837 creator A5067662277 @default.
- W137993837 creator A5080721060 @default.
- W137993837 creator A5085811060 @default.
- W137993837 creator A5091856453 @default.
- W137993837 date "2003-01-01" @default.
- W137993837 modified "2023-10-07" @default.
- W137993837 title "Why do experienced hedge fund managers have lower returns" @default.
- W137993837 cites W1480845834 @default.
- W137993837 cites W1518628011 @default.
- W137993837 cites W1524157767 @default.
- W137993837 cites W1558594215 @default.
- W137993837 cites W1573257242 @default.
- W137993837 cites W1968335423 @default.
- W137993837 cites W1969621817 @default.
- W137993837 cites W1985620197 @default.
- W137993837 cites W1992897607 @default.
- W137993837 cites W2011830901 @default.
- W137993837 cites W2016334400 @default.
- W137993837 cites W2031248119 @default.
- W137993837 cites W2033351293 @default.
- W137993837 cites W2034825926 @default.
- W137993837 cites W2037934447 @default.
- W137993837 cites W2055337889 @default.
- W137993837 cites W2058463688 @default.
- W137993837 cites W2066187538 @default.
- W137993837 cites W2068054955 @default.
- W137993837 cites W2070225810 @default.
- W137993837 cites W2080011802 @default.
- W137993837 cites W2082443018 @default.
- W137993837 cites W2085042242 @default.
- W137993837 cites W2088614566 @default.
- W137993837 cites W2088784182 @default.
- W137993837 cites W2088913158 @default.
- W137993837 cites W2091637085 @default.
- W137993837 cites W2095434538 @default.
- W137993837 cites W2095907808 @default.
- W137993837 cites W2096565264 @default.
- W137993837 cites W2101434526 @default.
- W137993837 cites W2104640390 @default.
- W137993837 cites W2104795328 @default.
- W137993837 cites W2106580408 @default.
- W137993837 cites W2107539208 @default.
- W137993837 cites W2118320195 @default.
- W137993837 cites W2122638168 @default.
- W137993837 cites W2125520394 @default.
- W137993837 cites W2125585375 @default.
- W137993837 cites W2126186544 @default.
- W137993837 cites W2130684388 @default.
- W137993837 cites W2136120210 @default.
- W137993837 cites W2143173505 @default.
- W137993837 cites W2148839565 @default.
- W137993837 cites W2153599323 @default.
- W137993837 cites W2160184254 @default.
- W137993837 cites W2165723500 @default.
- W137993837 cites W2166215547 @default.
- W137993837 cites W2169786125 @default.
- W137993837 cites W2171720857 @default.
- W137993837 cites W21729775 @default.
- W137993837 cites W2328418989 @default.
- W137993837 cites W2741974588 @default.
- W137993837 cites W2796700885 @default.
- W137993837 cites W3023287100 @default.
- W137993837 cites W3121305307 @default.
- W137993837 cites W3122000667 @default.
- W137993837 cites W3122033083 @default.
- W137993837 cites W3122221663 @default.
- W137993837 cites W3122796738 @default.
- W137993837 cites W3122840957 @default.
- W137993837 cites W3123166123 @default.
- W137993837 cites W3123622759 @default.
- W137993837 cites W3123641658 @default.
- W137993837 cites W3123722107 @default.
- W137993837 cites W3123739613 @default.
- W137993837 cites W3124023934 @default.
- W137993837 cites W3124277734 @default.
- W137993837 cites W3124498979 @default.
- W137993837 cites W3124754164 @default.
- W137993837 cites W3125168868 @default.
- W137993837 cites W3125348180 @default.
- W137993837 cites W3125362379 @default.
- W137993837 cites W3125429255 @default.
- W137993837 cites W3125454749 @default.
- W137993837 cites W3125500800 @default.