Risk Shifting and Mutual Fund Performance
收藏NBER2009-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14903
下载链接
链接失效反馈官方服务：
资源简介：
Mutual funds change their risk levels significantly over time. This paper investigates the performance consequences of risk shifting, as well as the economic motivations and the mechanisms of risk shifting. Using a holdings-based measure of risk shifting, we find that funds that increase risk
提供机构：
美国国家经济研究局
创建时间：
2009-04-01
