کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5109462 1482846 2017 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Choosing two business degrees versus choosing one: What does it tell about mutual fund managers' investment behavior?
ترجمه فارسی عنوان
انتخاب دو درجه کسب و کار در مقابل انتخاب یک: در مورد رفتار سرمایه گذاری مدیران صندوق های سرمایه چه می گوید؟
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
چکیده انگلیسی
We analyze what a second business degree reveals about the investment behavior of mutual fund managers. Specifically, we compare the investment risk and style of managers with both a CFA designation and an MBA degree to managers with only one of these qualifications. We document that managers with both degrees take fewer risks, follow less extreme investment styles, and achieve less extreme performance outcomes. Our results are consistent with the explanation that managers with a certain personal attitude that makes them take fewer risks and invest more conventionally choose to gain both qualifications. We rule out several alternative explanations: our results are not driven by the respective contents of the MBA and the CFA program, by the manager's skill, or by the fund family's investment policy.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Business Research - Volume 75, June 2017, Pages 138-146
نویسندگان
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