Window Dressing by Pension Fund Managers
收藏NBER1991-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3617
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资源简介：
This paper takes a first look at investment strategies of managers of 769 pension funds, with total assets of $129 billion at the end of 1989. The data show that managers of these funds tend to oversell stocks that have performed poorly. Relative sales of losers accelerate in the fourth quarter,
提供机构：
美国国家经济研究局
创建时间：
1991-02-01
