Restrictive Effect of Fund Self-Purchase Behavior on Managerial Risk-taking: An Empirical Examination

DOI

10.2991/icsshe-19.2019.220How to use a DOI?

Keywords

Mutual Fund, Risk-Taking, Self-Purchase Behavior

Abstract

The managerial fund self-purchase behavior contributes to building the "benefit and risk-sharing" mechanism between fund investors and fund managers. This paper examines the actual data of China’s mutual fund market, and our empirical investigation of the relationship between Chinese fund managerial self-purchase behavior and risk-taking behavior indicates that the managerial self-purchasing behavior weakens their risk-taking tendency. And at the same time, investment managers become more prudent and responsible for their customers.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zhiping Jiang
AU  - Songran Li
PY  - 2019/08
DA  - 2019/08
TI  - Restrictive Effect of Fund Self-Purchase Behavior on Managerial Risk-taking: An Empirical Examination
BT  - Proceedings of the 2019 5th International Conference on Social Science and Higher Education (ICSSHE 2019)
PB  - Atlantis Press
SP  - 316
EP  - 319
SN  - 2352-5398
UR  - https://doi.org/10.2991/icsshe-19.2019.220
DO  - 10.2991/icsshe-19.2019.220
ID  - Jiang2019/08
ER  -