Is there too much benchmarking in asset management?

Anil K Kashyap, Natalia Kovrijnykh, Jian Li and Anna Pavlova

Year of publication:	25 June 2021
Authors:	Kashyap, Anil K. ; Kovrijnykh, Natalia ; Li, Jian ; Pavlova, Anna
Publisher:	London : Centre for Economic Policy Research
Subject:	Incentive Contracts \| moral hazard \| Relative performance \| Pecuniary externality \| asset management \| Benchmark \| Index \| Welfare \| ESG Investing \| Benchmarking \| Vermögensverwaltung \| Asset management \| Moral Hazard \| Moral hazard \| Leistungsanreiz \| Performance incentive \| Leistungsentgelt \| Performance pay \| Externer Effekt \| Externalities \| Prinzipal-Agent-Theorie \| Agency theory \| Investmentfonds \| Investment Fund \| Theorie \| Theory \| Portfolio-Management \| Portfolio selection \| Anlageverhalten \| Behavioural finance \| Wohlfahrtsanalyse \| Welfare analysis