Mutual Fund Risk Shifts
The study investigates the impact of star ratings on mutual fund managers' risk-taking behavior, showing that managers adjust risk levels based on potential rating changes, leading to potential agency issues and increased managerial effort.
Featured in No. 54 on 20 Jun 2024 ·
- Released
- 1 Jan 2024
- First featured
- No. 54 · 20 Jun 2024
- Published in
- Not yet, as far as Semantic Scholar knows
- Shares when featured
- 2
- Identifier
- SSRN 4866357
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