| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18184 |
| 来源ID | Working Paper 18184 |
| Measuring Managerial Skill in the Mutual Fund Industry | |
| Jonathan B. Berk; Jules H. van Binsbergen | |
| 发表日期 | 2012-06-21 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Using the dollar-value a mutual fund manager adds as the measure of skill, we find that not only does skill exist (the average mutual fund manager adds about $2 million per year), but this skill is persistent, as far out as 10 years. We further document that investors recognize this skill and reward it by investing more capital with skilled managers. Higher skilled managers are paid more and there is a strong positive correlation between current managerial compensation and future performance. |
| 主题 | Financial Economics ; Portfolio Selection and Asset Pricing ; Financial Institutions |
| URL | https://www.nber.org/papers/w18184 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575860 |
| 推荐引用方式 GB/T 7714 | Jonathan B. Berk,Jules H. van Binsbergen. Measuring Managerial Skill in the Mutual Fund Industry. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18184.pdf（328KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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