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Offsetting the implicit incentives: Benefits of benchmarking in money management
16 references·6 citing·41 second hop
Offsetting the implicit incentives: Benefits of benchmarking in money management (2008)Offsetting the implicit incentives: Benef…“Options, Futures, and Other Derivatives” (2016)“Options, Futures, and Other …Options, Futures and Other Derivatives (2003)Options, Futures and Other De…The Determinants of the Flow of Funds of Managed Portfolios: Mutual Funds vs. Pension Funds (2002)The Determinants of the Flow …Methods of Mathematical Finance (1998)Methods of Mathematical Finan…Methods of Mathematical Finance (1998)Methods of Mathematical Finan…Costly Search and Mutual Fund Flows (1998)Costly Search and Mutual Fund…Risk Taking by Mutual Funds as a Response to Incentives (1997)Risk Taking by Mutual Funds a…Does It All Add Up? Benchmarks and the Compensation of Active Portfolio Managers (1997)Does It All Add Up? Benchmark…Risk Taking by Mutual Funds as a Response to Incentives (1995)Risk Taking by Mutual Funds a…A Mean/Variance Analysis of Tracking Error (1992)A Mean/Variance Analysis of T…Commodity trade and international risk sharing (1991)Commodity trade and internati…Commodity Trade and International Risk Sharing: How Much Do Financial Markets Matter? (1989)Commodity Trade and Internati…The equity premium: A puzzle (1985)The equity premium: A puzzleTheory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…The Pricing of Options and Corporate Liabilities (1973)The Pricing of Options and Co…Optimum consumption and portfolio rules in a continuous-time model (1971)Optimum consumption and portf…Peer Versus Pure Benchmarks in the Compensation of Mutual Fund Managers (2023)Peer Versus Pure Benchmarks i…Do Option-like Incentives Induce Overvaluation?\nEvidence from Experimental Asset Markets (2012)Do Option-like Incentives Ind…Asset Prices and Institutional Investors (2010)Asset Prices and Institutiona…Active portfolio management with benchmarking: A frontier based on alpha (2010)Active portfolio management w…The delegated portfolio management problem: Reputation and herding (2009)The delegated portfolio manag…Reputation stretching in mutual fund starts (2009)Reputation stretching in mutu…Lifetime Portfolio Selection By Dynamic Stochastic Programming (1969)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)LIFETIME PORTFOLIO SELECTION BY DYNAMIC STOCHASTIC PROGRAMMING (1975)An equilibrium characterization of the term structure (1977)A Theory of the Term Structure of Interest Rates (1985)The effect of bonus schemes on accounting decisions (1985)Aggregation and Linearity in the Provision of Intertemporal Incentives (1987)Managerial Incentive Problems: A Dynamic Perspective (1999)The Geography of Investment: Informed Trading and Asset Prices (2001)Mutual Fund Flows and Performance in Rational Markets (2004)Asset Fire Sales (and Purchases) in Equity Markets (2005)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (1993)Theory of rational option pricing (2005)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)Risk, Return, and Equilibrium: Empirical Tests (1973)On Persistence in Mutual Fund Performance (1997)Herding and Feedback Trading by Institutional and Individual Investors (1999)An Intertemporal Capital Asset Pricing Model (1973)Asset Prices in an Exchange Economy (1978)Time to Build and Aggregate Fluctuations (1982)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)ARCH modeling in finance (1992)The Nature of the Firm (1937)Separation of Ownership and Control (1983)Corporate financing and investment decisions when firms have information that investors do not have (1984)Law and Finance (1998)An Engine, Not a Camera (2006)Facts and Fantasies about Commodity Futures (2006)Introductory Econometrics for Finance (2008)Arbitrage Theory in Continuous Time (1998)A critical review on supply chain risk – Definition, measure and modeling (2014)Value-at-Risk-Based Risk Management: Optimal Policies and Asset Prices (2001)A Jump-Diffusion Model for Option Pricing (2002)Econometric Analysis of Realized Covariation: High Frequency Based Covariance, Regression, and Correlation in Financial Economics (2004)Mutual Fund Flows and Performance in Rational Markets (2002)Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization (2004)Has Financial Development Made the World Riskier? (2005)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1973The Pricing of Options and Corporate Liabilities29,064 cited
  • 1971Optimum consumption and portfolio rules in a continuous-time model5,966 cited
  • 1985The equity premium: A puzzle5,785 cited
  • 2016“Options, Futures, and Other Derivatives”5,007 cited
  • 2003Options, Futures and Other Derivatives3,864 cited
  • 1998Costly Search and Mutual Fund Flows3,217 cited
  • 1997Risk Taking by Mutual Funds as a Response to Incentives2,295 cited
  • 1998Methods of Mathematical Finance1,939 cited
  • 1995Risk Taking by Mutual Funds as a Response to Incentives1,582 cited
  • 1998Methods of Mathematical Finance888 cited
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  • 1989Commodity Trade and International Risk Sharing: How Much Do Financial Markets Matter?648 cited
  • 1991Commodity trade and international risk sharing476 cited
  • 1997Does It All Add Up? Benchmarks and the Compensation of Active Portfolio Managers

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320 cited

Cited by

  • 2010Active portfolio management with benchmarking: A frontier based on alpha57 cited
  • 2010Asset Prices and Institutional Investors40 cited
  • 2009The delegated portfolio management problem: Reputation and herding39 cited
  • 2012Do Option-like Incentives Induce Overvaluation?\nEvidence from Experimental Asset Markets35 cited
  • 2009Reputation stretching in mutual fund starts29 cited
  • 2023Peer Versus Pure Benchmarks in the Compensation of Mutual Fund Managers27 cited