Do fund managers expect mean averting returns?

Media type: E-Book
Title: Do fund managers expect mean averting returns?
Contributor: Stotz, Olaf [Other]; Lütje, Torben [Other]; Menkhoff, Lukas [Other]; Nitzsch, Rüdiger von [Other]
Published: Hannover: Fachbereich Wirtschaftswiss., Univ., Dec. 2004
Published in: Universität Hannover: Diskussionspapiere der Wirtschaftswissenschaftlichen Fakultät ; 30900
Issue: [Elektronische Ressource]
Extent: Online-Ressource, 8 p., text; ill
Language: English
Keywords: Fondsmanager
Origination:
Footnote: Systemvoraussetzungen: Acrobat reader
Description: This paper finds that fund managers do not expect mean reverting returns, as suggested by theory and empirical evidence, but mean averting returns. The degree of mean aversion is positively related to preferences for non-fundamental information and loss aversion.
Access State: Open Access

Do fund managers expect mean averting returns? - [Elektronische Ressource]