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Why do experienced hedge fund managers have lower returns
16 references·5 citing·39 second hop
Why do experienced hedge fund managers have lower returns (2003)Why do experienced hedge fund managers ha…Forecasting Bankruptcy More Accurately: A Simple Hazard Model (2001)Forecasting Bankruptcy More A…Mutual Fund Performance: An Empirical Decomposition into Stock‐Picking Talent, Style, Transactions Costs, and Expenses (2000)Mutual Fund Performance: An E…Costly Search and Mutual Fund Flows (1998)Costly Search and Mutual Fund…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Another Puzzle: The Growth in Actively Managed Mutual Funds (1996)Another Puzzle: The Growth in…Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Returns to Buying Winners and…The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence (1991)Optimal Incentive Contracts i…Top-Management-Team Tenure and Organizational Outcomes: The Moderating Role of Managerial Discretion (1990)Top-Management-Team Tenure an…Herd Behavior and Investment (1988)Herd Behavior and InvestmentAggregation and Linearity in the Provision of Intertemporal Incentives (1987)Aggregation and Linearity in …Upper Echelons: The Organization as a Reflection of Its Top Managers (1984)Upper Echelons: The Organizat…Judgment Under Uncertainty: Heuristics and Biases. (1984)Judgment Under Uncertainty: H…Agency Problems and the Theory of the Firm (1980)Agency Problems and the Theor…Job Matching and the Theory of Turnover (1979)Job Matching and the Theory o…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Fundos multimercados: desempenho, determinantes do desempenho e efeito moderador (2014)Fundos multimercados: desempe…Behavioral technology credit scoring model with time-dependent covariates for stress test (2014)Behavioral technology credit …AN EMPIRICAL STUDY OF CANADIAN COMPANIES TO DETERMINE CLIENTS' PREFERRED RELATIONSHIP APPROACH WITH THEIR FINANCIAL AUDITOR (2011)AN EMPIRICAL STUDY OF CANADIA…Investing in Talents: Manager Characteristics and Hedge Fund Performances (2008)Investing in Talents: Manager…A Survey of the Literature on Hedge Fund Performance (2004)A Survey of the Literature on…Information and Consumer Behavior (1970)Searching for the Lowest Price When the Distribution of Prices Is Unknown (1974)A Method for Minimizing the Impact of Distributional Assumptions in Econometric Models for Duration Data (1984)Earnings Losses of Displaced Workers (1992)The Cyclical Behavior of Equilibrium Unemployment and Vacancies (2005)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Moral Hazard and Observability (1979)Good News and Bad News: Representation Theorems and Applications (1981)Agency costs and innovation (1989)Risk Taking by Mutual Funds as a Response to Incentives (1997)The Theory of Incentives: The Principal-Agent Model (2001)Does the Stock Market Overreact? (1985)Multifactor Explanations of Asset Pricing Anomalies (1996)Investor Psychology and Security Market Under‐ and Overreactions (1998)The social psychology of organizing (1969)The Social Psychology of Organizations. (1979)Market Orientation: The Construct, Research Propositions, and Managerial Implications (1990)Market Orientation: Antecedents and Consequences (1993)Toward a Theory of Stakeholder Identification and Salience: Defining the Principle of who and What Really Counts (1997)American Economic Review (2019)Common risk factors in the returns on stocks and bonds (1993)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The Nature of the Firm (1937)Mergers and the Market for Corporate Control (1965)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Separation of Ownership and Control (1983)A Survey of Corporate Governance (1997)Dynamic capabilities and strategic management (1997)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)Herding and Feedback Trading by Institutional and Individual Investors (1999)Mutual Fund Flows and Performance in Rational Markets (2004)Asset Fire Sales (and Purchases) in Equity Markets (2005)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Those Who Understand: Knowledge Growth in Teaching (1986)Advances in prospect theory: Cumulative representation of uncertainty (1992)The weirdest people in the world? (2010)
this work references cited by second hop

References

  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1993Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency11,575 cited
  • 1980Agency Problems and the Theory of the Firm10,540 cited
  • 1984Upper Echelons: The Organization as a Reflection of Its Top Managers10,217 cited
  • 1984Judgment Under Uncertainty: Heuristics and Biases.5,656 cited
  • 1998Costly Search and Mutual Fund Flows3,217 cited
  • 1979Job Matching and the Theory of Turnover3,125 cited
  • 1987Aggregation and Linearity in the Provision of Intertemporal Incentives2,870 cited
  • 1988Herd Behavior and Investment2,815 cited
  • 2001Forecasting Bankruptcy More Accurately: A Simple Hazard Model2,655 cited
  • 1990Top-Management-Team Tenure and Organizational Outcomes: The Moderating Role of Managerial Discretion2,181 cited
  • 1996Another Puzzle: The Growth in Actively Managed Mutual Funds2,093 cited
  • 1991Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence1,876 cited

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  • 2000Mutual Fund Performance: An Empirical Decomposition into Stock‐Picking Talent, Style, Transactions Costs, and Expenses1,854 cited
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    • 2014Fundos multimercados: desempenho, determinantes do desempenho e efeito moderador29 cited
    • 2004A Survey of the Literature on Hedge Fund Performance23 cited
    • 2008Investing in Talents: Manager Characteristics and Hedge Fund Performances23 cited
    • 2011AN EMPIRICAL STUDY OF CANADIAN COMPANIES TO DETERMINE CLIENTS' PREFERRED RELATIONSHIP APPROACH WITH THEIR FINANCIAL AUDITOR20 cited
    • 2014Behavioral technology credit scoring model with time-dependent covariates for stress test17 cited