Impact of two types of asymmetry on asset prices in delegated portfolio management

DOI10.13383/J.CNKI.JSE.2020.04.007zbMATH Open1463.91134MaRDI QIDQ3386348FDOQ3386348

Authors: Jiliang Sheng, Miao Li, Daozhong Ouyang 

Publication date: 14 January 2021

Recommendations

• Delegated portfolio management, optimal fee contracts, and asset prices
• Equilibrium implications of delegated asset management under benchmarking
• Research on impacts of two kinds of asymmetry on risk-taking behavior of fund
• Institutionalization, delegation, and asset prices
• Price impact in Nash equilibria

zbMATH Keywords

asset pricescash flowcontractdelegated portfolio management

Mathematics Subject Classification ID

Portfolio theory (91G10) Interest rates, asset pricing, etc. (stochastic models) (91G30)

Cited In (7)

• Delegated portfolio management, optimal fee contracts, and asset prices
• Which investors matter for equity valuations and expected returns?
• Institutionalization, delegation, and asset prices
• Research on impacts of two kinds of asymmetry on risk-taking behavior of fund
• How nonlinear benchmark in delegation contract can affect asset price and price informativeness
• Equilibrium implications of delegated asset management under benchmarking
• Delegated Learning and Contract Commonality in Asset Management

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