Finance
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INVITED EDITOR
Editorial from
Nova SBE Finance Knowledge Center
July 16, 2024
16. Peace, justice and strong institutions

16. Peace, justice and strong institutions

Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels.
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Competition and cooperation in mutual fund families

How do competitive and cooperative fund manager incentives affect fund and family strategies and outcomes? ‍The research article addresses this question.

Abstract:

Using manager compensation disclosure and intra-family manager cooperation measures, we create indices of family-level competitive/cooperative incentives. Families that encourage cooperation among their managers are more likely to engage in coordinated behavior (e.g., cross-trading and cross-holding) and have less volatile cash flows. Families with competitive incentives generate higher performing funds, a higher fraction of “star” funds, but greater performance dispersion across funds. In examining the determinants of incentive schemes, competitive families are more likely to manage institutional money, and cooperative families are more likely to distribute through brokers, consistent with retail demand for nonperformance characteristics.

Authors: Richard Burtis Evans, Melissa Porras Prado, Rafael Zambrana


You can find the research article here.

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Identifying Crowdfunding Success Factors for Social Projects

Nova SBE Data Science Knowledge Center developed a predictive model that estimates the likelihood of a crowdfunding campaign reaching its goal.

Competition and cooperation in mutual fund families

How do competitive and cooperative fund manager incentives affect fund and family strategies and outcomes? ‍The research article addresses this question.

Internal Labor Markets, Wage Convergence and Investment

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Nova SBE awarded at the 1st edition of the EFFAS Gasperini Awards

Professors Miguel Ferreira and José Tavares and Nova SBE PhD student Sharmin Sazedj were awarded the first edition of the EFFAS Gasperini Awards, where they represented Nova SBE

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