Disentangling Risk and Change: Internal and External Social Comparison in the Mutual Fund Industry
Using data on 3,225 actively managed U.S. mutual funds from 1980 to 2006, we test hypotheses designed to disentangle risk and change as outcomes of behavioral performance feedback routines. We theorize that managers make decisions involving risk and decisions involving change under different conditi...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
Sage Publications
2015
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| Online Access: | http://hdl.handle.net/1721.1/98491 https://orcid.org/0000-0001-7874-6177 |