文章基本信息

标题：Asset Pricing with Relative Performance and Heterogeneous Agents
本地全文：下载
作者：Ting Levy ; Xiangbo Liu ; Zijun Liu 等
期刊名称：Theoretical Economics Letters
印刷版ISSN：2162-2078
电子版ISSN：2162-2086
出版年度：2012
卷号：2
期号：5
页码：520-523
DOI：10.4236/tel.2012.25096
出版社：Scientific Research Publishing
摘要：This paper studies the impact of relative performance on portfolio choices and asset prices when fund managers differ in size and exogenous financial shocks. We find that with these heterogeneities, fund managers change their trading behaviors significantly.
关键词：Portfolio Choice; Asset Pricing; Relative Performance