Management compensation and market timing under portfolio constraints

DOI10.1016/J.JEDC.2012.05.006zbMATH Open1345.91080OpenAlexW2069013228MaRDI QIDQ311009FDOQ311009

Authors: Vikas Agarwal, Juan-Pedro Gómez, Richard Priestley 

Publication date: 28 September 2016

Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/11250/93744

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zbMATH Keywords

benchmarkingincentive feemarket timingportfolio constraints

Mathematics Subject Classification ID

Portfolio theory (91G10) Production theory, theory of the firm (91B38) Applications of statistical and quantum mechanics to economics (econophysics) (91B80) Corporate finance (dividends, real options, etc.) (91G50)

Cites Work

• Information acquisition and under-diversification
• Risk Management with Benchmarking
• Delegated portfolio management
• Portfolio delegation under short-selling constraints
• Active portfolio management with benchmarking: adding a value-at-risk constraint

Cited In (6)

• Is corporate control effective when managers face investment timing decisions in incomplete markets?
• Managerial Short-Termism and Investment: Evidence from Accelerated Option Vesting*
• Managerial manipulation, corporate governance, and limited market participation
• Optimal benchmarking for active portfolio managers
• Portfolio pumping, trading activity and fund performance
• Equilibrium implications of delegated asset management under benchmarking

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