FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2060796695> ?p ?o ?g. }

• W2060796695 endingPage "585" @default.
• W2060796695 startingPage "564" @default.
• W2060796695 abstract "In this paper we experimentally investigate the impact that competing for funds has on the risk-taking behavior of laboratory portfolio managers compensated through an option-like scheme according to which the manager receives (most of) the compensation only for returns in excess of pre-specified strike price. We find that such a competitive environment and contractual arrangement lead, both in theory and in the lab, to inefficient risk taking behavior on the part of portfolio managers. We then study various policy interventions, obtained by manipulating various aspects of the competitive environment and the contractual arrangement, e.g., the Transparency of the contracts offered, the Risk Sharing component in the contract linking portfolio managers to investors, etc. While all these interventions would induce portfolio managers, at equilibrium, to efficiently invest funds in safe assets, we find that, in the lab, Transparency is most effective in incentivising managers to do so. Finally, we document a behavioral “Other People’s Money” effect in the lab, where portfolio managers tend to invest the funds of their investors in a more risky manner than their Own Money, even when it is not in either the investors’ or the managers’ interest to do so." @default.
• W2060796695 created "2016-06-24" @default.
• W2060796695 creator A5004389036 @default.
• W2060796695 creator A5050312988 @default.
• W2060796695 creator A5090669176 @default.
• W2060796695 date "2013-11-28" @default.
• W2060796695 modified "2023-10-01" @default.
• W2060796695 title "An experimental study of the impact of competition for Other People’s Money: the portfolio manager market" @default.
• W2060796695 cites W1967654871 @default.
• W2060796695 cites W2041379922 @default.
• W2060796695 cites W2058037869 @default.
• W2060796695 cites W2095434538 @default.
• W2060796695 cites W2106572203 @default.
• W2060796695 cites W2119483384 @default.
• W2060796695 cites W2121561255 @default.
• W2060796695 cites W2135839350 @default.
• W2060796695 cites W2142814933 @default.
• W2060796695 cites W2151844206 @default.
• W2060796695 cites W2157871411 @default.
• W2060796695 cites W2997960800 @default.
• W2060796695 cites W3121294955 @default.
• W2060796695 cites W3122033083 @default.
• W2060796695 cites W3122584155 @default.
• W2060796695 cites W3123355014 @default.
• W2060796695 cites W3123528457 @default.
• W2060796695 cites W3123649118 @default.
• W2060796695 cites W3125500800 @default.
• W2060796695 cites W4239453719 @default.
• W2060796695 cites W4252267357 @default.
• W2060796695 doi "https://doi.org/10.1007/s10683-013-9384-6" @default.
• W2060796695 hasPublicationYear "2013" @default.
• W2060796695 type Work @default.
• W2060796695 sameAs 2060796695 @default.
• W2060796695 citedByCount "37" @default.
• W2060796695 countsByYear W20607966952012 @default.
• W2060796695 countsByYear W20607966952013 @default.
• W2060796695 countsByYear W20607966952015 @default.
• W2060796695 countsByYear W20607966952016 @default.
• W2060796695 countsByYear W20607966952017 @default.
• W2060796695 countsByYear W20607966952018 @default.
• W2060796695 countsByYear W20607966952019 @default.
• W2060796695 countsByYear W20607966952020 @default.
• W2060796695 countsByYear W20607966952021 @default.
• W2060796695 countsByYear W20607966952022 @default.
• W2060796695 countsByYear W20607966952023 @default.
• W2060796695 crossrefType "journal-article" @default.
• W2060796695 hasAuthorship W2060796695A5004389036 @default.
• W2060796695 hasAuthorship W2060796695A5050312988 @default.
• W2060796695 hasAuthorship W2060796695A5090669176 @default.
• W2060796695 hasBestOaLocation W20607966952 @default.
• W2060796695 hasConcept C10138342 @default.
• W2060796695 hasConcept C11171543 @default.
• W2060796695 hasConcept C144133560 @default.
• W2060796695 hasConcept C15744967 @default.
• W2060796695 hasConcept C15952604 @default.
• W2060796695 hasConcept C162324750 @default.
• W2060796695 hasConcept C175444787 @default.
• W2060796695 hasConcept C17744445 @default.
• W2060796695 hasConcept C187736073 @default.
• W2060796695 hasConcept C18903297 @default.
• W2060796695 hasConcept C199539241 @default.
• W2060796695 hasConcept C2780023022 @default.
• W2060796695 hasConcept C2780233690 @default.
• W2060796695 hasConcept C2780821815 @default.
• W2060796695 hasConcept C74510933 @default.
• W2060796695 hasConcept C86803240 @default.
• W2060796695 hasConcept C91306197 @default.
• W2060796695 hasConceptScore W2060796695C10138342 @default.
• W2060796695 hasConceptScore W2060796695C11171543 @default.
• W2060796695 hasConceptScore W2060796695C144133560 @default.
• W2060796695 hasConceptScore W2060796695C15744967 @default.
• W2060796695 hasConceptScore W2060796695C15952604 @default.
• W2060796695 hasConceptScore W2060796695C162324750 @default.
• W2060796695 hasConceptScore W2060796695C175444787 @default.
• W2060796695 hasConceptScore W2060796695C17744445 @default.
• W2060796695 hasConceptScore W2060796695C187736073 @default.
• W2060796695 hasConceptScore W2060796695C18903297 @default.
• W2060796695 hasConceptScore W2060796695C199539241 @default.
• W2060796695 hasConceptScore W2060796695C2780023022 @default.
• W2060796695 hasConceptScore W2060796695C2780233690 @default.
• W2060796695 hasConceptScore W2060796695C2780821815 @default.
• W2060796695 hasConceptScore W2060796695C74510933 @default.
• W2060796695 hasConceptScore W2060796695C86803240 @default.
• W2060796695 hasConceptScore W2060796695C91306197 @default.
• W2060796695 hasIssue "4" @default.
• W2060796695 hasLocation W20607966951 @default.
• W2060796695 hasLocation W20607966952 @default.
• W2060796695 hasOpenAccess W2060796695 @default.
• W2060796695 hasPrimaryLocation W20607966951 @default.
• W2060796695 hasRelatedWork W1760091771 @default.
• W2060796695 hasRelatedWork W1993466286 @default.
• W2060796695 hasRelatedWork W1994935731 @default.
• W2060796695 hasRelatedWork W2323320397 @default.
• W2060796695 hasRelatedWork W2333526246 @default.
• W2060796695 hasRelatedWork W2362070364 @default.
• W2060796695 hasRelatedWork W2766052049 @default.
• W2060796695 hasRelatedWork W3121790043 @default.
• W2060796695 hasRelatedWork W3170173692 @default.

• next