Delegated Asset Management, Investment Mandates, and Capital Immobility
收藏NBER2008-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14574
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资源简介：
This paper develops a model to explain the widely used investment mandates in the institutional asset management industry based on two insights: First, giving a manager more investment flexibility weakens the link between fund performance and his effort in the designated market, and thus increases
提供机构：
美国国家经济研究局
创建时间：
2008-12-01
