Brown and Starks are from the University of Texas at Austin, and Harlow is from Fidelity Management & Research. The authors acknowledge the helpful suggestions of Brad Barber, Christopher Blake, Jeff Coles, Will Goetzmann, David Ikenberry, Chris James, Jon Karpoff, Paul Laux, Dan Quan, Henri Servaes, Meir Statman, Richard Thaler, Charles Trzcinka, Marc Zenner, and the participants of workshops at the University of Texas, Yale University, University of North Carolina, University of California-Davis, and University of Colorado-Denver. We would especially like to acknowledge the contributions of René Stulz (the editor) and an anonymous referee. Earlier versions of this paper have also been presented at the American Finance Association, Financial Management Association, and European Finance Association meetings. The opinions and analyses presented herein are those of the authors and do not necessarily represent the views of Fidelity Management & Research.
Of Tournaments and Temptations: An Analysis of Managerial Incentives in the Mutual Fund Industry
Article first published online: 30 APR 2012
1996 The American Finance Association
The Journal of Finance
Volume 51, Issue 1, pages 85–110, March 1996
How to Cite
BROWN, K. C., HARLOW, W. V. and STARKS, L. T. (1996), Of Tournaments and Temptations: An Analysis of Managerial Incentives in the Mutual Fund Industry. The Journal of Finance, 51: 85–110. doi: 10.1111/j.1540-6261.1996.tb05203.x
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
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