Behavior of Institutional Investors

Three Essays

By (author) Alexander Putz

Book cover: Behavior of Institutional Investors

Extent: 156 pages

Publisher: Logos Verlag Berlin

Subjects: Business & Economics

Language: English

Paperback (Published)

(July 2012)

ISBN: 9783832531898

5.71 x 8.27 inches

Price: $54.00

In stock

Institutional investors such as mutual funds and hedge funds play an important role in today’s financial markets. This thesis consists of three essays which empirically study the behavior of active fund managers. In particular, the first essay investigates whether managers behave rationally or if some of them unconsciously make wrong investment decisions due to behavioral biases. The second essay examines whether some managers intentionally act to solely advance their own interests by strategically valuing the security positions in their portfolio. The third essay analyzes what the managers’ education reveals about their investment behavior.

  • By (author) Alexander Putz