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

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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

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.

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Item type	Article
URI	https://vuir.vu.edu.au/id/eprint/9161
DOI	10.1016/j.gfj.2008.09.003
Official URL	http://dx.doi.org/10.1016/j.gfj.2008.09.003
Subjects	Historical > Faculty/School/Research Centre/Department > School of Economics and Finance Historical > FOR Classification > 1502 Banking, Finance and Investment
Keywords	ResPubID23678, incentives, risk taking, non-parametric analysis, mutual funds, tournaments
Citations in Scopus	5 - View on Scopus
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