Cuifeng Wu
ABSTRACT
Recently, investment of fund has become more and more popular. The fund manager plays a very important role in the process of fund management. This paper takes China's common stock fund as research sample, focusing on the impact of the personal characteristics of fund managers, including appearance and ability, to study the influence of fund manager's appearance and ability on fund performance. The results show that appearance and ability have a significant positive effect on fund manager performance. Therefore, this paper has reference and practical significance for investors to choose excellent fund managers.
- Wermers R. Mutual fund herding and the impact on stock prices[J]. Journal of Finance, 2004,54:581∼623.Google Scholar
Cross Ref
- Salter S P, Franklin G, Mixon Jr, EmestW K. Broker Beauly and Boon: A Study of Physical Allractiveness and Its Elfect on Real Estate Brokers'Income and Productivity[J]. Applied Financial Eonomics, 2012, 22(10): 811-825.Google ScholarCross Ref
- Brooks Imwesltors uefer entrepHeneurial ventures pitched by atltactlive men[J]. Poceedings of the Natinal Academy of Sciences 2014,111(12):4427-4431.Google Scholar
- Price, M. K. Fund-raising success and a solicitor's beauty capital: Do blondes raise more funds? [J]. Economics Letters,2008,Vol.100:351-354.Google Scholar
- Yuxiang, Cheng Jian, Peng Cong. Research on the impact of individual characteristics of fund managers on fund performance [J]. Value Engineering,2006(12):151-155.Google Scholar
- Shan Yiran. Research on the impact of individual characteristics of fund managers on the performance of open-end stock funds [D]. Master Thesis of Shanxi University of Finance and Economics, 2019.Google Scholar
- Liu Yipeng, Zheng Yuan, Zhang Chuanchuan. Good looking with a high income?– A study on the discrimination of appearance in China's labor market [J]. Economic Review, 2016,(5):83-95.Google Scholar
- Wang Shangao, Yan Binjian, Zhou Yinheng, Zian Xu. Does appearance affect income? [J]. Population, 2018, 39(4): 19-25,33.Google Scholar
- Shan Depeng, Zhang Yongqi, Ma Mengqi. Differentiated Chinese “beauty premium”: evidence from CFPS2018 [J]. Journal of Shenyang University of Technology (Social Science Edition), 2021, 14(2): 161-168.Google Scholar
Index Terms
- A Study on the Influence of Fund Manager's Appearance and Ability on Fund Performance
Recommendations
Timing Ability of Government Bond Fund Managers: Evidence from Portfolio Holdings
This study examines the ability of government bond fund managers to time the bond market, based on their monthly or quarterly holdings of Treasury securities during the 1997--2006 period. We find that, on average, government bond funds exhibit ...
Can Fund Dividends Improve the Performance of the Fund? ——Evidence From China's Capital Market
ICEEG '22: Proceedings of the 6th International Conference on E-Commerce, E-Business and E-GovernmentFund dividends can reflect the profitability of the fund to a certain extent. Funds with high dividends are usually more attractive to investors. So can fund dividends improve the performance of the fund? This paper selects medium- and long-term pure ...
Hedge Fund Manager Skill and Style-Shifting
Using a novel style identification procedure, we show that style-shifting is a dynamic strategy commonly used by hedge fund managers. Three quarters of hedge funds shifted their investment styles at least once over the period from January 1994 to December ...
Comments