On the valuation of performance fees and their impact on asset managers' incentives
Year of publication: |
2021
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Authors: | Dai, Wei ; Merton, Robert C. ; Rizova, Savina |
Published in: |
The journal of alternative investments : JAI. - New York, NY : Institutional Investor, ISSN 1520-3255, ZDB-ID 2048686-8. - Vol. 24.2021, 1, p. 10-25
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Subject: | Real assets/alternative investments/private equity | manager selection | options | performance measurement | Performance-Messung | Performance measurement | Führungskräfte | Managers | Portfolio-Management | Portfolio selection | Leistungsanreiz | Performance incentive | Leistungsentgelt | Performance pay | Prinzipal-Agent-Theorie | Agency theory | Theorie | Theory |
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