کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5075360 1373901 2011 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Mutual fund industry management structure, risk and the impacts to shareholders
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
پیش نمایش صفحه اول مقاله
Mutual fund industry management structure, risk and the impacts to shareholders
چکیده انگلیسی
This article investigates the effects of a multiple fund management structure on the risk volatility of the funds simultaneously managed. Using a sample of 1480 mutual funds managed by 407 fund managers over a 3-year period, we find that the risk volatility of at least one fund managed by a multiple fund manager is significantly higher than its objective and risk-adjusted peers. At the same time, the other funds concurrently managed display significantly less difference in risk volatility. Similarly, the return-to-risk ratio of multiple fund managers is not consistently greater than the unitary managed funds.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Global Finance Journal - Volume 22, Issue 2, 2011, Pages 101-115
نویسندگان
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