Does prior performance affect a mutual funds choice of risk? Theory and further empirical evidence

Keyphrases

• Prior Performance 100%
• Mutual Funds 100%
• Fund Managers 66%
• Fund Performance 66%
• Performance Decline 66%
• Relative Performance 33%
• Risk-taking 33%
• Linear Function 33%
• Convex Function 33%
• Tracking Error 33%
• Volatility 33%
• Risk Shifting 33%
• Portfolio Choice 33%
• Paper Model 33%
• Tracking Error Volatility 33%
• Fund Returns 33%
• Mutual Fund Performance 33%
• Compensation Structure 33%
• Portfolio Risk 33%
• Managerial Compensation 33%
• Nonparametric Test 33%
• Compensation Rule 33%
• Funding Risk 33%
• Parametric Test 33%
• Equity mutual Funds 33%

Economics, Econometrics and Finance

• Measure of Dispersion 100%
• Volatility 100%
• Portfolio Choice 50%
• Compensation System 50%