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

DOI10.13383/J.CNKI.JSE.2020.04.007MaRDI QIDQ3386348zbMATH OpenFDO

Authors Jiliang Sheng, Miao Li, Daozhong Ouyang

Publication date 14 January 2021

zbMATH Keywords

asset pricescash flowcontractdelegated portfolio management

Mathematics Subject Classification ID

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

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

Cited in

(7)

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

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