Matches in SemOpenAlex for { <https://semopenalex.org/work/W3122144886> ?p ?o ?g. }
- W3122144886 endingPage "536" @default.
- W3122144886 startingPage "514" @default.
- W3122144886 abstract "We provide direct evidence on the effect of financial expertise on investment outcomes by analyzing private portfolios of mutual fund managers. We find no evidence that financial experts make better investment decisions than peers: they do not outperform, do not diversify their risks better, and do not exhibit lower behavioral biases. Managers do much better in stocks for which they have an information advantage over other investors, i.e., stocks that are also held by their mutual funds. More experienced managers seem to be aware of the limitations to their investment skills as they increase their holdings of mutual fund-related stocks following poor performance of their portfolios. Our results suggest that there are limits to the value added by financial expertise." @default.
- W3122144886 created "2021-02-01" @default.
- W3122144886 creator A5008124727 @default.
- W3122144886 creator A5010368760 @default.
- W3122144886 date "2015-10-01" @default.
- W3122144886 modified "2023-10-17" @default.
- W3122144886 title "Do financial experts make better investment decisions?" @default.
- W3122144886 cites W1497134858 @default.
- W3122144886 cites W1995834279 @default.
- W3122144886 cites W2008565199 @default.
- W3122144886 cites W2011693851 @default.
- W3122144886 cites W2018282545 @default.
- W3122144886 cites W2019702908 @default.
- W3122144886 cites W2027384339 @default.
- W3122144886 cites W2029563264 @default.
- W3122144886 cites W2050309680 @default.
- W3122144886 cites W2050904362 @default.
- W3122144886 cites W2119357560 @default.
- W3122144886 cites W2125884277 @default.
- W3122144886 cites W2133344657 @default.
- W3122144886 cites W2136120210 @default.
- W3122144886 cites W2151306296 @default.
- W3122144886 cites W3121751970 @default.
- W3122144886 cites W3122272901 @default.
- W3122144886 cites W3122430187 @default.
- W3122144886 cites W3122442489 @default.
- W3122144886 cites W3123027396 @default.
- W3122144886 cites W3123119769 @default.
- W3122144886 cites W3123352023 @default.
- W3122144886 cites W3123675459 @default.
- W3122144886 cites W3123871867 @default.
- W3122144886 cites W3123912718 @default.
- W3122144886 cites W3123974814 @default.
- W3122144886 cites W3124141057 @default.
- W3122144886 cites W3124203466 @default.
- W3122144886 cites W3124510896 @default.
- W3122144886 cites W3125196503 @default.
- W3122144886 cites W3125388642 @default.
- W3122144886 cites W3125407596 @default.
- W3122144886 cites W3125696892 @default.
- W3122144886 cites W3126129067 @default.
- W3122144886 cites W4211182089 @default.
- W3122144886 cites W4214775702 @default.
- W3122144886 cites W4243840727 @default.
- W3122144886 cites W4254897105 @default.
- W3122144886 doi "https://doi.org/10.1016/j.jfi.2014.09.001" @default.
- W3122144886 hasPublicationYear "2015" @default.
- W3122144886 type Work @default.
- W3122144886 sameAs 3122144886 @default.
- W3122144886 citedByCount "56" @default.
- W3122144886 countsByYear W31221448862014 @default.
- W3122144886 countsByYear W31221448862016 @default.
- W3122144886 countsByYear W31221448862017 @default.
- W3122144886 countsByYear W31221448862018 @default.
- W3122144886 countsByYear W31221448862019 @default.
- W3122144886 countsByYear W31221448862020 @default.
- W3122144886 countsByYear W31221448862021 @default.
- W3122144886 countsByYear W31221448862022 @default.
- W3122144886 countsByYear W31221448862023 @default.
- W3122144886 crossrefType "journal-article" @default.
- W3122144886 hasAuthorship W3122144886A5008124727 @default.
- W3122144886 hasAuthorship W3122144886A5010368760 @default.
- W3122144886 hasConcept C10138342 @default.
- W3122144886 hasConcept C109574028 @default.
- W3122144886 hasConcept C11393971 @default.
- W3122144886 hasConcept C144133560 @default.
- W3122144886 hasConcept C162324750 @default.
- W3122144886 hasConcept C175444787 @default.
- W3122144886 hasConcept C17744445 @default.
- W3122144886 hasConcept C183582576 @default.
- W3122144886 hasConcept C189188589 @default.
- W3122144886 hasConcept C199539241 @default.
- W3122144886 hasConcept C21364161 @default.
- W3122144886 hasConcept C27548731 @default.
- W3122144886 hasConcept C2777064782 @default.
- W3122144886 hasConcept C2778348673 @default.
- W3122144886 hasConcept C2778865806 @default.
- W3122144886 hasConcept C30472729 @default.
- W3122144886 hasConcept C36588987 @default.
- W3122144886 hasConcept C94625758 @default.
- W3122144886 hasConceptScore W3122144886C10138342 @default.
- W3122144886 hasConceptScore W3122144886C109574028 @default.
- W3122144886 hasConceptScore W3122144886C11393971 @default.
- W3122144886 hasConceptScore W3122144886C144133560 @default.
- W3122144886 hasConceptScore W3122144886C162324750 @default.
- W3122144886 hasConceptScore W3122144886C175444787 @default.
- W3122144886 hasConceptScore W3122144886C17744445 @default.
- W3122144886 hasConceptScore W3122144886C183582576 @default.
- W3122144886 hasConceptScore W3122144886C189188589 @default.
- W3122144886 hasConceptScore W3122144886C199539241 @default.
- W3122144886 hasConceptScore W3122144886C21364161 @default.
- W3122144886 hasConceptScore W3122144886C27548731 @default.
- W3122144886 hasConceptScore W3122144886C2777064782 @default.
- W3122144886 hasConceptScore W3122144886C2778348673 @default.
- W3122144886 hasConceptScore W3122144886C2778865806 @default.
- W3122144886 hasConceptScore W3122144886C30472729 @default.
- W3122144886 hasConceptScore W3122144886C36588987 @default.
- W3122144886 hasConceptScore W3122144886C94625758 @default.