Risk Taking by Mutual Funds as a Response to Incentives
- 1 December 1997
- journal article
- research article
- Published by University of Chicago Press in Journal of Political Economy
- Vol. 105 (6), 1167-1200
- https://doi.org/10.1086/516389
Abstract
This paper examines a potential agency conflict between mutual fund investors and mutual fund companies. Investors would like the fund company to use its judgment to maximize risk‐adjusted fund ret...Keywords
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