Portfolio Manager Ownership and Mutual Fund Risk Taking *

@inproceedings{Ma2012PortfolioMO,
  title={Portfolio Manager Ownership and Mutual Fund Risk Taking *},
  author={Linlin Ma and Yuehua Tang},
  year={2012}
}
This study examines the effects of portfolio manager ownership on the risk-taking behavior of mutual funds. Using both return-based and holding-based risk measures, we find that funds managed by portfolio managers with higher beneficial ownership exhibit lower risk. In particular, using holdingbased risk-shifting measure and a difference-in-differences… CONTINUE READING