Artikel

Managerial factors in investment risk: Evidence from Polish mutual funds

The aim of this study is to examine whether investment risk is related to the managerial factors characterising portfolio managers. The study employs four risk measures and a set of individual manager characteristics, including socio-demographic variables determining a manager profile. The analysis is conducted based on data for 144 portfolio managers from 43 domestic equity funds operating in Poland in the period 2000-2015. The examinations are made possible by using static panel models. The obtained results indicate the existence of a relationship between managerial characteristics and risk measures, such as: standard deviation, beta coefficient, tracking error and bear-market percentile ranking. To our knowledge, it is the first paper to evaluate the investment risk of Polish mutual funds in relation to managerial characteristics.

Language
Englisch

Bibliographic citation
Journal: Financial Internet Quarterly ; ISSN: 2719-3454 ; Volume: 16 ; Year: 2020 ; Issue: 1 ; Pages: 1-10 ; Warsaw: Sciendo

Classification
Wirtschaft
Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors
Human Capital; Skills; Occupational Choice; Labor Productivity
Personnel Management; Executives; Executive Compensation
Subject
mutual funds
investment risk
managerial characteristics
human capital

Event
Geistige Schöpfung
(who)
Filip, Dariusz
Event
Veröffentlichung
(who)
Sciendo
(where)
Warsaw
(when)
2020

DOI
doi:10.2478/fiqf-2020-0001
Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Artikel

Associated

  • Filip, Dariusz
  • Sciendo

Time of origin

  • 2020

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