文章基本信息

标题：Human Capital, Career Concern and Investment Behavior of Managers: An Empirical Examination on Close-end Funds in China
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作者：Hong Gong ; Wen Huo
期刊名称：Universal Journal of Management
印刷版ISSN：2331-950X
电子版ISSN：2331-9577
出版年度：2014
卷号：2
期号：2
页码：100-103
DOI：10.13189/ujm.2014.020206
语种：English
出版社：Horizon Research Publishing
摘要：By an empirical examination on investment fund market in China, We find that portfolio managers’ turnover does not affect the risk adjustment strategy of the funds, demonstrating that fund companies rather than portfolio managers are in charge of the fund investment strategy. Moreover, Chinese portfolio managers, even after they have been terminated, would be appointed other positions in the same fund company. It seems that this kind of turnover hardly has sufficient pressure on portfolio managers.
关键词：Portfolio Manager;Career;Turnover;Risk Taking Behavior