Fund Managers' Contracts and Short-Termism

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Casamatta, Catherine; Pouget, Sébastien;
(2009)
  • Publisher: TSE Working Paper
  • Subject: B- ECONOMIE ET FINANCE

This paper considers the problem faced by long-term investors who have to delegate the management of their money to professional fund managers. Investors can earn profits if fund managers collect long-term information. We investigate to what extent the delegation of fun... View more
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