Does educational diversity of managers matter for the performance of team-managed funds?

被引：5

作者：

Tan, Eric K. M. ^{[1
]}

Sen, Anindya ^{[1
]}

机构：

[1] Univ Otago, Dept Accountancy & Finance, Dunedin, New Zealand

来源：

ACCOUNTING AND FINANCE | 2019年 / 59卷

关键词：

Fund manager; Education; Diversity; Team-managed; Performance; GENDER DIVERSITY; PERSISTENCE; DIFFERENCE; SIZE;

D O I：

10.1111/acfi.12265

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We study the effect of the educational diversity of managers on the performance of team-managed mutual funds using a large sample of U.S. equity funds from 1994 to 2013. We consider diversity in terms of both final educational degree and field of educational specialisation. We find that, in general, both types of diversity have a positive impact on fund performance, and our results are robust over a wide range of performance metrics and changes in market conditions.

引用

页码：801 / 830

页数：30