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Thesis

Incentive and asset management

Abstract:

This thesis studies the effects of incentives, contracts, liquidity management, and information on the asset management industry.

First, the welfare of financial professionals frequently depends both on tournament rewards for relative performance (e.g., fund inflows based on fund ranking), and high-powered bonus for absolute performance (e.g., hedge-fund performance fees). It is well known that both high-powered compensation and tournament rewards engender risk taking. Understandin...

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Division:
SSD
Department:
Saïd Business School
Role:
Author

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Role:
Supervisor
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Name:
Said Business School Foundation
Type of award:
DPhil
Level of award:
Doctoral
Awarding institution:
University of Oxford
Language:
English
Deposit date:
2020-06-22

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