Incentives and Mutual Fund Performance: Higher Performance or Just Higher Risk Taking?

By Massimo Massa, Rajdeep Patgiri. 2009

179 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/58d05700d9513dcb80dc707759cd229cb09f0a2e

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. J. Gómez
2. Yuehua Tang
3. Linlin Ma

In Finance

1. J. Gómez
2. Yuehua Tang
3. Linlin Ma

Citations in the corpus

• The Efficiency of Performance-based-fee Funds (2011, unknown): “In a related article, Massa and Patgiri (2009) also analyse the impact of the incentives on the manager’s remuneration on the risk and performance obtained for U.”
• Portfolio Manager Compensation in the U.S. Mutual Fund Industry (2019, methodology): “Following Massa and Patgiri (2009), Coles Incentive Rate is defined as the difference between the last and first marginal advisory fee rates divided by the effective marginal advisory fee rate, all as a percentage of fund AUM.”