Skill and Profit in Active Management
收藏NBER2019-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26027
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资源简介：
I analyze skills role in active management under general equilibrium with many assets and costly trading. More-skilled managers produce larger expected total investment prots, and their portfolio weights correlate more highly with assets future returns. Becoming more skilled, however, can reduce a
提供机构：
美国国家经济研究局
创建时间：
2019-07-01
