EconStor >
Universität zu Köln >
Centre for Financial Research (CFR), Universität Köln >
CFR Working Papers, Centre for Financial Research (CFR), Universität Köln >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/56063
  
Title:Are two business degrees better than one? Evidence from mutual fund managers' education PDF Logo
Authors:Andreu, Laura
Pütz, Alexander
Issue Date:2012
Series/Report no.:CFR working paper 12-01
Abstract:We analyze what a second business degree reveals about the investment behavior of professional investors. Specifically, we compare performance, risk, and style of equity mutual fund managers having a CFA designation and an MBA degree to managers with only one of these qualifications. We document that the performance between these groups does not significantly differ. However, managers with both degrees show less extreme and more persistent performance. Furthermore, consistent with the performance results, managers who gather both degrees also show less extreme and more stable risk levels and investment styles.
Subjects:education
investment behavior
professional investors
mutual funds
JEL:G23
Document Type:Working Paper
Appears in Collections:CFR Working Papers, Centre for Financial Research (CFR), Universität Köln

Files in This Item:
File Description SizeFormat
689163061.pdf1.09 MBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/56063

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.