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Moral Hazard and the Portfolio Management Problem
3 references·16 citing·50 second hop
Moral Hazard and the Portfolio Management Problem (1993)Moral Hazard and the Portfolio Management…Information, trade and common knowledge (1982)Information, trade and common…The Economic Theory of Agency: The Principal's Problem. (1973)The Economic Theory of Agency…The Theory of Syndicates (1968)The Theory of SyndicatesPortfolio Manager Compensation in the U.S. Mutual Fund Industry (2018)Portfolio Manager Compensatio…Are Mutual Fund Managers Paid for Investment Skill? (2017)Are Mutual Fund Managers Paid…Asset Management Contracts and Equilibrium Prices (2014)Asset Management Contracts an…What Is Systemic Risk? (2013)What Is Systemic Risk?The Price of Diversifiable Risk in Venture Capital and Private Equity (2013)The Price of Diversifiable Ri…Intermediated Investment Management (2011)Intermediated Investment Mana…Herding and Delegated Portfolio Management: The Impact of Relative Performance Evaluation on Asset Allocation (2011)Herding and Delegated Portfol…Portfolio Performance and Agency (2009)Portfolio Performance and Age…Market Discipline and Internal Governance in the Mutual Fund Industry (2006)Market Discipline and Interna…DELEGATED PORTFOLIO MANAGEMENT: A SURVEY OF THE THEORETICAL LITERATURE (2006)DELEGATED PORTFOLIO MANAGEMEN…Risk Taking and Optimal Contracts for Money Managers (2003)Risk Taking and Optimal Contr…Optimal Contracts in a Continuous-Time Delegated Portfolio Management Problem (2003)Optimal Contracts in a Contin…The Price of Diversifiable Risk in Venture Capital and Private Equity (2002)The Price of Diversifiable Ri…Mutual Fund Advisory Contracts: An Empirical Investigation (2002)Mutual Fund Advisory Contract…Fund Advisor Compensation in Closed‐End Funds (2000)Fund Advisor Compensation in …The Dynamics of Portfolio Management Contracts (1994)The Dynamics of Portfolio Man…Decision Analysis: Introductory Lectures on Choices Under Uncertainty. (1969)Essays in the Theory of Risk-Bearing. (1972)Agency for International Development (1978)The interdisciplinary study of coordination (1994)Managerial Incentive Problems: A Dynamic Perspective (1999)Risk Aversion in the Small and in the Large (1976)Optimal contracts and competitive markets with costly state verification (1979)Signaling in Retrospect and the Informational Structure of Markets (2002)Agreeing to Disagree (1976)The Private and Social Value of Information and the Reward to Inventive Activity (1978)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Herd Behavior and Investment (1988)Noise Trader Risk in Financial Markets (1990)Optimum consumption and portfolio rules in a continuous-time model (1971)On Persistence in Mutual Fund Performance (1997)Optimal Decentralized Investment Management (2006)Brownian Motion and Stochastic Calculus (2007)Free Cash Flow, Issuance Costs, and Stock Prices (2011)The Effect of Risk on the CEO Market (2011)Rank-Order Tournaments as Optimum Labor Contracts (1979)Rank-Order Tournaments as Optimum Labor Contracts (1981)Moral Hazard in Teams (1982)Fee Speech: Signaling, Risk-Sharing, and the Impact of Fee Structures on Investor Welfare (2002)The Stochastic Programming Approach to Asset, Liability, and Wealth Management (2003)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Moral Hazard and Observability (1979)Separation of Ownership and Control (1983)Mutual Funds and Bubbles: The Surprising Role of Contractual Incentives (2007)Closed-End Funds: A Survey (2012)What's in a Name? Mutual Fund Flows When Managers Have Foreign-Sounding Names (2015)Risk, Return, and Equilibrium: Empirical Tests (1973)Common risk factors in the returns on stocks and bonds (1993)The Cross‐Section of Volatility and Expected Returns (2006)Venture Capital and Other Private Equity: A Survey (2010)Private Equity Performance and Liquidity Risk (2012)Cyclicality, performance measurement, and cash flow liquidity in private equity (2016)The Theory of Industrial Organization (1988)Mutual Fund Flows and Performance in Rational Markets (2004)Financial Advice and Individual Investor Portfolio Performance (2012)Time is money: Rational life cycle inertia and the delegation of investment management (2016)Marketing Mutual Funds (2020)Bank Runs, Deposit Insurance, and Liquidity (1983)Does the Stock Market Overreact? (1985)Three analyses of the firm size premium (2000)Sentiment Metrics and Investor Demand (2018)The Quarterly Journal of Economics (2024)The Cross-Section of Expected Stock Returns (1992)Do fire sales create externalities? (2019)Benchmarking Intensity (2022)Sustainability or performance? Ratings and fund managers’ incentives (2024)
this work references cited by second hop

References

  • 1973The Economic Theory of Agency: The Principal's Problem.4,296 cited
  • 1982Information, trade and common knowledge1,738 cited
  • 1968The Theory of Syndicates1,178 cited

Cited by

  • 2003Optimal Contracts in a Continuous-Time Delegated Portfolio Management Problem242 cited
  • 2018Portfolio Manager Compensation in the U.S. Mutual Fund Industry215 cited
  • 2002The Price of Diversifiable Risk in Venture Capital and Private Equity208 cited
  • 2011Herding and Delegated Portfolio Management: The Impact of Relative Performance Evaluation on Asset Allocation167 cited
  • 2002Mutual Fund Advisory Contracts: An Empirical Investigation163 cited
  • 2011Intermediated Investment Management160 cited
  • 1994The Dynamics of Portfolio Management Contracts160 cited
  • 2003Risk Taking and Optimal Contracts for Money Managers155 cited
  • 2009Portfolio Performance and Agency149 cited
  • 2006DELEGATED PORTFOLIO MANAGEMENT: A SURVEY OF THE THEORETICAL LITERATURE143 cited
  • 2013The Price of Diversifiable Risk in Venture Capital and Private Equity135 cited
  • 2006Market Discipline and Internal Governance in the Mutual Fund Industry

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120 cited
  • 2013What Is Systemic Risk?110 cited
  • 2017Are Mutual Fund Managers Paid for Investment Skill?109 cited
  • 2014Asset Management Contracts and Equilibrium Prices109 cited
  • 2000Fund Advisor Compensation in Closed‐End Funds106 cited