Essays on International Asset Management: Evidence for Developed West and Emerging East

Marina Nikiforow

ISBN 10: 3631617941 / ISBN 13: 9783631617946

Editore: Peter Lang Ltd. International Academic Publishers Apr 2011, 2011

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This item is printed on demand - it takes 3-4 days longer - Neuware -Asset management is a global business, spreading from developed financial centers to emerging and transition markets. Empirical analyses of professional investors' investment processes are justified not only by their key role in the traditional finance theory, as rational agents contributing to market efficiency, but also by the behavioral finance, finding evidence on irrational biases in their investment behavior. This study provides survey evidence on views and investment behavior of 772 fund managers from 274 investment companies in the USA, Germany, Thailand, Russia and Ukraine. New insights are gained on the persistency of behavioral biases. Cross-country comparisons shed light on fund managers' information processing and investment behavior in different institutional market settings. 166 pp. Englisch.

Codice articolo 9783631617946

Dati bibliografici

• Titolo: Essays on International Asset Management: Evidence for Developed West and Emerging East
• Editore: Peter Lang Ltd. International Academic Publishers Apr 2011
• Data di pubblicazione: 2011
• Lingua: Inglese
• ISBN 10: 3631617941
• ISBN 13: 9783631617946
• Rilegatura: Buch
• Condizione: Neu

Descrizione articolo

Riassunto

Asset management is a global business, spreading from developed financial centers to emerging and transition markets. Empirical analyses of professional investors’ investment processes are justified not only by their key role in the traditional finance theory, as rational agents contributing to market efficiency, but also by the behavioral finance, finding evidence on irrational biases in their investment behavior. This study provides survey evidence on views and investment behavior of 772 fund managers from 274 investment companies in the USA, Germany, Thailand, Russia and Ukraine. New insights are gained on the persistency of behavioral biases. Cross-country comparisons shed light on fund managers’ information processing and investment behavior in different institutional market settings.

Informazioni sull?autore

Marina Nikiforow, born in 1980, studied Economics and Business Administration at the Leibniz Universität Hannover (LUH). After having obtained her diploma in 2006, she worked as a research and teaching assistant at the Institute for Money and International Finance at the LUH. She received her PhD in Economics in 2010.