Bonus Payments and Fund Managers’ Behavior:Trans-Atlantic Evidence

This questionnaire survey of fund managers in the United States, Germany and Switzerlanddocuments a distinctly positive influence of bonus payments on investment behavior on bothsides of the Atlantic. Higher bonus payments are significantly related to higher working effortbut not to risk taking. They also seem to induce fund managers to rely more on fundamentalinformation.[...]

MoreLess

Year of publication:	2008-12-01
Authors:	Gehrig, Thomas ; Lütje, Torben ; Menkhoff, Lukas
Institutions:	Universität <Hannover>
Subject:	Anreiz \| Bonus \| Information \| information \| Fondsmanager

Check Google Scholar |

More access options

In libraries world-wide (WorldCat)

In German libraries (KVK)

I need help

Extent:	202752 bytes 33 p. application/pdf
Series:	Wirtschaftswissenschaftliche Fakultät der Leibniz Universität Hannover - Diskussionspapiere Discussion Paper ; 411
Type of publication:	Book / Working Paper
Language:	English
ISSN:	0949-9962
Classification:	G14 - Information and Market Efficiency; Event Studies ; G23 - Pension Funds; Other Private Financial Institutions ; Strategic management ; Management of financial services: stock exchange and bank management science (including saving banks) ; Individual Working Papers, Preprints ; GERMANY ; Switzerland ; USA
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005867397