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http://hdl.handle.net/10419/56063
  

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dc.contributor.authorAndreu, Lauraen_US
dc.contributor.authorPütz, Alexanderen_US
dc.date.accessioned2012-03-23en_US
dc.date.accessioned2012-03-27T11:47:04Z-
dc.date.available2012-03-27T11:47:04Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/56063-
dc.description.abstractWe 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.en_US
dc.language.isoengen_US
dc.publisherCentre for Financial Research Cologneen_US
dc.relation.ispartofseriesCFR working paper 12-01en_US
dc.subject.jelG23en_US
dc.subject.ddc330en_US
dc.subject.keywordeducationen_US
dc.subject.keywordinvestment behavioren_US
dc.subject.keywordprofessional investorsen_US
dc.subject.keywordmutual fundsen_US
dc.subject.stwFührungskräfteen_US
dc.subject.stwInvestmentfondsen_US
dc.subject.stwBildungsabschlussen_US
dc.subject.stwAnlageverhaltenen_US
dc.subject.stwSchätzungen_US
dc.subject.stwUSAen_US
dc.titleAre two business degrees better than one? Evidence from mutual fund managers' educationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn689163061en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:cfrwps:1201-
Appears in Collections:CFR Working Papers, Centre for Financial Research (CFR), Universität Köln

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