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Testing a non-linear effect in the risk shifting-tournament model applied to Australian superannuation funds

Hallahan, Terrence and Faff, Robert W (2011) Testing a non-linear effect in the risk shifting-tournament model applied to Australian superannuation funds. International Journal of Accounting and Information Management, 19 (2). pp. 210-217. ISSN 1834-7649

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Abstract

We investigate the tournament induced risk-shifting behavior of Australian superannuation funds, allowing for non-linearities. We apply a regression-based methodology and examine tournaments based on the calendar year and the financial year. We characterize a small set of non-linear tournament outcomes and find mixed evidence across these different cases.

Item Type: Article
Uncontrolled Keywords: ResPubID23683, tournaments, mutual funds, non-linear test
Subjects: Faculty/School/Research Centre/Department > School of Economics and Finance
FOR Classification > 1501 Accounting, Auditing and Accountability
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Depositing User: VUIR
Date Deposited: 22 Aug 2012 23:28
Last Modified: 04 Feb 2015 00:28
URI: http://vuir.vu.edu.au/id/eprint/9165
DOI: 10.1108/ijaim.2011.36619baa.010
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