Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/57718 
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dc.contributor.authorKempf, Alexanderen
dc.contributor.authorRuenzi, Stefanen
dc.date.accessioned2012-04-25-
dc.date.accessioned2012-05-02T15:44:37Z-
dc.date.available2012-05-02T15:44:37Z-
dc.date.issued2004-
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
dc.language.isoengen
dc.publisher|aUniversity of Cologne, Centre for Financial Research (CFR) |cCologneen
dc.relation.ispartofseries|aCFR Working Paper |x04-02en
dc.subject.ddc330en
dc.titleTournaments in mutual fund families-
dc.typeWorking Paperen
dc.identifier.ppn699886767en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cfrwps:0402en

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