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Tournament behavior in Australian superannuation funds: A non-parametric analysis

Hallahan, Terrence and Faff, Robert W (2009) Tournament behavior in Australian superannuation funds: A non-parametric analysis. Global Finance Journal, 19 (3). pp. 307-322. ISSN 10440283

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Abstract

The funds management industry has proven to be fertile ground for theoretical and empirical research over the past forty years. Using a sample period covering 1989 to 2001, we investigate the tournament induced risk-shifting behavior of Australian “multi-sector growth funds”. This study looked for evidence of risk-taking behavior on the part of fund managers but provided evidence on the question of whether benchmark choice may affect such behavior.

Item Type: Article
Uncontrolled Keywords: ResPubID23678, incentives, risk taking, non-parametric analysis, mutual funds, tournaments
Subjects: Faculty/School/Research Centre/Department > School of Economics and Finance
FOR Classification > 1502 Banking, Finance and Investment
Depositing User: VUIR
Date Deposited: 24 Aug 2012 04:39
Last Modified: 04 Feb 2015 00:34
URI: http://vuir.vu.edu.au/id/eprint/9161
DOI: 10.1016/j.gfj.2008.09.003
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Citations in Scopus: 2 - View on Scopus

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