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Team Management and Mutual Funds
Bär, Michaela; Kempf, Alexander; Ruenzi, Stefan - 2005
ihrer Fonds eingesetzt. Diese Studie untersucht das Phänomen „Team Management“ bei Investmentfonds in drei Dimensionen: Es …In den letzten Jahren haben Investmentgesellschaften zunehmend Teams anstelle von Einzel-Managern für das Management … werden 1. die Determinanten der Managementstruktur von Investmentfonds, 2. der Einfluss, den die Managementstruktur auf das …
Persistent link: https://www.econbiz.de/10005854141
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Decision Processes in German Mutual Fund Companies: Evidence from a Telephone Survey
Drachter, Kerstin; Kempf, Alexander; Wagner, Michael
Die meisten Arbeiten aus dem Bereich Investmentfonds konzentrieren sich auf diePerformance auf Fondsebene, beschäftigen … funds and fund management companies. This synthesis results inimproved understanding of the mutual fund management decision …
Persistent link: https://www.econbiz.de/10005855892
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The impact of duality on managerial decisions and performance : evidence from the mutual fund industry
Kempf, Alexander; Pütz, Alexander; Sonnenburg, Florian - 2013 - This version: October 2013
We study the decisions and performance of managers who are also chair of the board (duality managers). We hypothesize that duality managers take more risky decisions and deliver worse performance than non-duality managers due to reduced level of control and replacement risk. Using the mutual...
Persistent link: https://www.econbiz.de/10010194852
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Team management and mutual funds
Bär, Michaela; Kempf, Alexander; Ruenzi, Stefan - 2005
Persistent link: https://www.econbiz.de/10004881190
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Status Quo Bias and the Number of Alternatives - An Empirical Illustration from the Mutual Fund Industry
Kempf, Alexander; Ruenzi, Stefan - 2005
Die empirische Kapitalmarktforschung der letzten Jahre hat gezeigt, dass sich Individuen auf Finanzmärkten nicht immer rational verhalten. Ein Phänomen, das in diesem Zusammenhang untersucht wurde, ist der sogenannte Status-Quo Bias. Individuen unterliegen einem Status-Quo Bias, wenn sie...
Persistent link: https://www.econbiz.de/10005854146
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Portfolio Disclosure, Portfolio Selection and Mutual Fund Performance Evaluation
Kempf, Alexander; Kreuzberg, Klaus - 2004
Nach §44 Investmentgesetz (InvG) sind Investmentfonds verpflichtet, im Rahmen ihres regelmäßigen Berichtswesens den …
Persistent link: https://www.econbiz.de/10005854234
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Family Matters: The Performance Flow Relationship in the Mutual Fund Industry
Kempf, Alexander; Ruenzi, Stefan - 2004
In diesem Papier untersuchen wir empirisch, welche Determinanten es für die Mittelzufüsse in Investmentfonds gibt. Es …
Persistent link: https://www.econbiz.de/10005854265
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Is a Team Different from the Sum of its Parts?Evidence from Mutual Fund Managers
Bär, Michaela; Kempf, Alexander; Ruenzi, Stefan - Centre for Financial Research <Köln> - 2010
real business data. Our data set covers management teams and single managersof US equity mutual funds. Our results reject …
Persistent link: https://www.econbiz.de/10009284845
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Fund Manager Allocation
Fang, Jieyan; Kempf, Alexander; Trapp, Monika - Centre for Financial Research <Köln> - 2010
We study whether fund families efficiently allocate their fund managers to differentmarket segments. Whether a fund manager can generate alpha simultaneouslydepends on her skills, and on the efficiency of the market segment in which she isemployed. We show that in the more efficient investment...
Persistent link: https://www.econbiz.de/10009302646
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An anatomy of managerial match finding : evidence from the mutual fund industry
Cici, Gjergji; Hendriock, Mario; Kempf, Alexander - 2019
To optimally utilize their labor, fund families need to match their portfolio managers' skills with the job requirements of different funds. Fund families make it possible for their managers to try out different funds in a learning-by-trying fashion until they find their best match. After they...
Persistent link: https://www.econbiz.de/10012134742