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Skin or Skim? Inside Investment and Hedge Fund Performance

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NBER2019-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w26113
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Hedge fund managers contribute substantial personal capital, or "skin in the game," into their funds. While these allocations may better align incentives, managers may also strategically allocate their private capital in ways that negatively affect investors. We find that funds with more inside
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美国国家经济研究局
创建时间:
2019-07-01
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