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dc.contributor.authorKempf, Alexanderen_US
dc.contributor.authorRuenzi, Stefanen_US
dc.date.accessioned2012-04-25en_US
dc.date.accessioned2012-05-02T15:44:37Z-
dc.date.available2012-05-02T15:44:37Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/57718-
dc.description.abstractIn this paper we examine intra-firm competition in the U.S. mutual fund industry. Our empirical study shows that fund managers within mutual fund families compete against each other. They adjust the risk they take dependent on the relative position within their fund family. The direction of the adjustment crucially hinges on the competitive situation within a family. Funds from small families behave in the opposite way than funds from large families. The results are very robust. They hold for different time periods and for different subgroups of funds.en_US
dc.language.isoengen_US
dc.publisherCentre for Financial Research Cologneen_US
dc.relation.ispartofseriesCFR Working Paper 04-02en_US
dc.subject.ddc330en_US
dc.titleTournaments in mutual fund familiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn699886767en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:cfrwps:0402-
Appears in Collections:CFR Working Papers, Centre for Financial Research (CFR), Universität Köln

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