Optimal Asset Allocation and Risk Shifting in Money Management

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Taxing the Rich (2016, unknown): “Contributions include Basak et al. (2007), Carpenter (2000), Ross (2004), and Makarov and Plantin (2015).”
WSJ Category Kings - the impact of media attention on consumer and mutual fund investment decisions (2017, unknown): “Consistent with theoretical predictions by Basak, Pavlova, and Shapiro (2007) and Cuoco and Kaniel (2011), we show that funds ranked near the rank = 10 cutoff at the beginning of the last ranking month, and only these funds, “diverge from the herd” by increasing tracking error volatility relative…”
Does Prior Performance Affect a Mutual Fund’s Choice of Risk? Theory and Further Empirical Evidence (2009, background): “Basak et al. (2007) assume a complete markets environment where portfolio managers lack asset selection ability and choose only systematic risk.”
Asset Prices and Institutional Investors (2013, background): “A similar observation is made in the portfolio choice literature studying the behavior of mutual funds (e.g., Basak, Pavlova, and Shapiro (2007) and Binsbergen, Brandt, and Koijen (2008)).”
Portfolio Manager Compensation in the U.S. Mutual Fund Industry (2019, background): “4 See, for example, Brown, Harlow, and Starks (1996), Chevalier and Ellison (1997), Sirri and Tufano (1998), Basak, Pavlova, and Shapiro (2007, 2008), Huang, Wei, and Yan (2007), and Sialm, Starks, and Zhang (2015).”