Matches in SemOpenAlex for { <https://semopenalex.org/work/W3126113217> ?p ?o ?g. }
Showing items 1 to 74 of
74
with 100 items per page.
- W3126113217 abstract "This Paper shows that trade can occur in a market where all traders are rational and none of them is subject to exogenous shocks. We develop a model of delegated portfolio management that captures key features of the US mutual fund industry and we embed it into an asset-pricing set-up. Fund managers differ in their ability to understand market fundamentals. In equilibrium, the presence of career concerns induces uninformed fund managers to ‘churn’, i.e. to engage in trading even when they face a negative expected return. As churning plays the role of noise trading, the asset market displays non-fully informative prices and positive (and high) trading volume." @default.
- W3126113217 created "2021-02-01" @default.
- W3126113217 creator A5033068837 @default.
- W3126113217 creator A5072583771 @default.
- W3126113217 date "2003-09-01" @default.
- W3126113217 modified "2023-09-27" @default.
- W3126113217 title "Trading Volume with Career Concerns" @default.
- W3126113217 hasPublicationYear "2003" @default.
- W3126113217 type Work @default.
- W3126113217 sameAs 3126113217 @default.
- W3126113217 citedByCount "2" @default.
- W3126113217 countsByYear W31261132172014 @default.
- W3126113217 crossrefType "posted-content" @default.
- W3126113217 hasAuthorship W3126113217A5033068837 @default.
- W3126113217 hasAuthorship W3126113217A5072583771 @default.
- W3126113217 hasConcept C10138342 @default.
- W3126113217 hasConcept C106159729 @default.
- W3126113217 hasConcept C131562839 @default.
- W3126113217 hasConcept C144133560 @default.
- W3126113217 hasConcept C145236788 @default.
- W3126113217 hasConcept C15952604 @default.
- W3126113217 hasConcept C161664118 @default.
- W3126113217 hasConcept C162324750 @default.
- W3126113217 hasConcept C175444787 @default.
- W3126113217 hasConcept C187736073 @default.
- W3126113217 hasConcept C2780821815 @default.
- W3126113217 hasConcept C38652104 @default.
- W3126113217 hasConcept C41008148 @default.
- W3126113217 hasConcept C74510933 @default.
- W3126113217 hasConcept C76178495 @default.
- W3126113217 hasConcept C78508483 @default.
- W3126113217 hasConceptScore W3126113217C10138342 @default.
- W3126113217 hasConceptScore W3126113217C106159729 @default.
- W3126113217 hasConceptScore W3126113217C131562839 @default.
- W3126113217 hasConceptScore W3126113217C144133560 @default.
- W3126113217 hasConceptScore W3126113217C145236788 @default.
- W3126113217 hasConceptScore W3126113217C15952604 @default.
- W3126113217 hasConceptScore W3126113217C161664118 @default.
- W3126113217 hasConceptScore W3126113217C162324750 @default.
- W3126113217 hasConceptScore W3126113217C175444787 @default.
- W3126113217 hasConceptScore W3126113217C187736073 @default.
- W3126113217 hasConceptScore W3126113217C2780821815 @default.
- W3126113217 hasConceptScore W3126113217C38652104 @default.
- W3126113217 hasConceptScore W3126113217C41008148 @default.
- W3126113217 hasConceptScore W3126113217C74510933 @default.
- W3126113217 hasConceptScore W3126113217C76178495 @default.
- W3126113217 hasConceptScore W3126113217C78508483 @default.
- W3126113217 hasLocation W31261132171 @default.
- W3126113217 hasOpenAccess W3126113217 @default.
- W3126113217 hasPrimaryLocation W31261132171 @default.
- W3126113217 hasRelatedWork W143259759 @default.
- W3126113217 hasRelatedWork W1543306540 @default.
- W3126113217 hasRelatedWork W1566792497 @default.
- W3126113217 hasRelatedWork W2073792668 @default.
- W3126113217 hasRelatedWork W2205524209 @default.
- W3126113217 hasRelatedWork W2254916710 @default.
- W3126113217 hasRelatedWork W2274896749 @default.
- W3126113217 hasRelatedWork W2296486519 @default.
- W3126113217 hasRelatedWork W2588014344 @default.
- W3126113217 hasRelatedWork W2770963327 @default.
- W3126113217 hasRelatedWork W30949924 @default.
- W3126113217 hasRelatedWork W3121851635 @default.
- W3126113217 hasRelatedWork W3122287884 @default.
- W3126113217 hasRelatedWork W3123420284 @default.
- W3126113217 hasRelatedWork W3124577015 @default.
- W3126113217 hasRelatedWork W3125395390 @default.
- W3126113217 hasRelatedWork W3143103180 @default.
- W3126113217 hasRelatedWork W3176474712 @default.
- W3126113217 hasRelatedWork W581451494 @default.
- W3126113217 hasRelatedWork W627694092 @default.
- W3126113217 isParatext "false" @default.
- W3126113217 isRetracted "false" @default.
- W3126113217 magId "3126113217" @default.
- W3126113217 workType "article" @default.