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Risikoverhalten von Aktienfondsmanagern

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Brand
Springer Nature
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N/A
Part Number
0
GTIN
9783834984944
Condition
New
Product Description

Unter Verwendung der Turniertheorie untersucht Peter Delling die Risikostrategie von miteinander im Wettbewerb stehenden Fondsmanagern. Die spieltheoretische Analyse geht insbesondere auf die Hypothese ein, dass Fondsmanager mit schlechter Performance zum Jahresende hin ihr Risiko gegenber Managern mit besserer Performance erhhen. In verschiedenen Modellanstzen wird dargelegt, dass entsprechendes Verhalten eine rationale Reaktion auf die in der Fondsindustrie anzutreffenden Rahmenbedingungen ist. In der empirischen Untersuchung wird das Turnierverhalten erstmalig fr den deutschen Markt berprft und gezeigt, dass eine Tendenz zum vermuteten Verhalten zwar zu beobachten ist, dieses allerdings im Zeitablauf variiert und schwcher ausgeprgt ist, als vergleichbare Untersuchungen dies fr den US-amerikanischen Markt dokumentieren.

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