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文章基本信息

  • 标题:Asset Pricing with Relative Performance and Heterogeneous Agents
  • 本地全文:下载
  • 作者:Ting Levy ; Xiangbo Liu ; Zijun Liu
  • 期刊名称:Theoretical Economics Letters
  • 印刷版ISSN:2162-2078
  • 电子版ISSN:2162-2086
  • 出版年度:2012
  • 卷号:2
  • 期号:5
  • 页码:520-523
  • DOI:10.4236/tel.2012.25096
  • 出版社:Scientific Research Publishing
  • 摘要:This paper studies the impact of relative performance on portfolio choices and asset prices when fund managers differ in size and exogenous financial shocks. We find that with these heterogeneities, fund managers change their trading behaviors significantly.
  • 关键词:Portfolio Choice; Asset Pricing; Relative Performance
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