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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 - 2005
family characteristics as well as manager characteristics. Additionally, teams exhibit a lower active share and lower risk …
Persistent link: https://www.econbiz.de/10009524811
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Family matters : ranking within fund families and fund inflows
Kempf, Alexander; Ruenzi, Stefan - 2004
This paper examines the influence of the position of a fund within its family on its subsequent net-inflows. Our … empirical study of the US equity mutual fund market shows that reaching a top position within the family leads to large inflows … moves into the top positions within its family from one year to another. These results lead to competition within the fund …
Persistent link: https://www.econbiz.de/10009524827
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Trading efficiency of fund families : impact on fund performance and investment behavior
Cici, Gjergji; Dahm, Laura K.; Kempf, Alexander - In: Journal of banking & finance 88 (2018), pp. 1-14
Persistent link: https://www.econbiz.de/10011962573
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Die Qual der Wahl
Kempf, Alexander; Rünzi, Stefan - In: Finanzintermediation : theoretische, …, (pp. 103-122). 2004
Persistent link: https://www.econbiz.de/10002078254
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Ethisches Investment : was kostet ein gutes Gewissen?
Kempf, Alexander - In: So investiert die Welt : globale Trends in der …, (pp. 289-306). 2008
Persistent link: https://www.econbiz.de/10003590472
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Fund manager duality : impact on performance and investment behavior
Kempf, Alexander; Pütz, Alexander; Sonnenburg, Florian - 2012
Agency conflicts can arise when a fund manager also chairs the board of the fund. We examine the consequences of this fund manager duality using a broad sample of single managed US equity funds. We find that duality managers significantly underperform non-duality managers. This underperformance...
Persistent link: https://www.econbiz.de/10009579421
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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
We examine the extent of the Status Quo Bias (SQB) in a real-world repeated decision situation. Individuals who are subject to a SQB tend to choose an alternative that was chosen previously (i.e. their status quo), even if it is not the optimal choice any more. We examine the US equity mutual...
Persistent link: https://www.econbiz.de/10009524814
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What they did in their previous life : the investment value of mutual fund managers' experience outside the financial sector
Cici, Gjergji; Gehde-Trapp, Monika; Göricke, Marc-André; … - 2014 - This Draft: October 2014
We document that prior work experience of mutual fund managers outside of the asset management industry is valuable from an investment perspective in that it provides managers with a stock picking and industry timing advantage. Fund managers' stock picks from industries where they previously...
Persistent link: https://www.econbiz.de/10010410563
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Status quo bias and the number of alternatives : an empirical illustration from mutual fund industry
Kempf, Alexander; Ruenzi, Stefan - In: The journal of behavioral finance : a publication of … 7 (2006) 4, pp. 204-213
Persistent link: https://www.econbiz.de/10003416630
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Risikoverhalten von Investmentfondsmanagern
Thiele, Tanja - 2009 - 1. Aufl.
Persistent link: https://www.econbiz.de/10003819358