Finance and Economics Discussion Series: Compensation Incentives and Risk Taking Behavior: Evidence from Mutual Funds by Athanasios Orphanides

Finance and Economics Discussion Series: Compensation Incentives and Risk Taking Behavior: Evidence from Mutual Funds

Athanasios Orphanides

30 pages • missing pub info (editions)

nonfiction politics
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This paper examines the role of compensation contracts in determining risk taking decisions by money managers in the financial industry. A methodology is developed for empirically testing and assessing the magnitude of the effect that incentive co...

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