Abstract
This paper makes an empirical study on fund manager’s personal characteristics and its impact on fund performance, using the data of open stock and hybrid funds in china from 2005 to 2010. Through descriptive statistics and regression analysis by SPSS13.0, the results show that: fund manager’s Securities business time and with MBA degree have significant positive impacts on fund performance; the manager numbers of a fund and fund manager’s gender have no significant impacts on risk-adjusted performance; While, differing from our perception, fund manager’s overseas experience is significantly negatively related to fund performance. In addition, securities market has significant impact on fund risk-adjusted performance, which is significantly better especially in bull market.
Supported by the National Science Fund of China (NO: 70802047).
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Hui, Ty., Chang, Y. (2013). Study on the Characteristics of Fund Managers and the Impacts on Fund Performance in China. In: Qi, E., Shen, J., Dou, R. (eds) The 19th International Conference on Industrial Engineering and Engineering Management. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-38442-4_63
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DOI: https://doi.org/10.1007/978-3-642-38442-4_63
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