| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7118 |
| DP7118 Bonus Payments and Fund Managers? Behaviour: Trans-Atlantic Evidence | |
| Thomas Gehrig; Lukas Menkhoff; Torben Lütje | |
| 发表日期 | 2009-01-23 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | This questionnaire survey of fund managers in the United States, Germany and Switzerland documents a distinctly positive influence of bonus payments on investment behaviour on both sides of the Atlantic. Higher bonus payments are significantly related to higher working effort but not to risk taking. They also seem to induce fund managers to rely more on fundamental information. Findings within regions are confirmed by Trans-Atlantic evidence as US fund managers receive larger bonuses but also show the effects to a higher degree. The effects documented are stronger for relative than for absolute performance assessment. |
| 主题 | Financial Economics |
| 关键词 | Fund managers Fundamental information Incentives |
| URL | https://cepr.org/publications/dp7118 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535955 |
| 推荐引用方式 GB/T 7714 | Thomas Gehrig,Lukas Menkhoff,Torben Lütje. DP7118 Bonus Payments and Fund Managers? Behaviour: Trans-Atlantic Evidence. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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