Managerial multitasking in the mutual fund industry
- Publisher: Cologne: University of Cologne, Centre for Financial Research (CFR)
G20 | Multitasking,Fund Performance,Fund Flows,Agency Problems | Multitasking | G10 | Agency Problems | G23 | Fund Performance | Fund Flows
We examine the determinants and consequences of mutual fund managers simultaneously managing multiple funds. Well-performing managers multitask by taking over poorly performing funds or launching new funds. Subsequent to multitasking, funds run by managers prior to mult...