The behavior of institutional investors: three essays
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Abschlussarbeit Buch |
| Sprache: | English |
| Veröffentlicht: |
Berlin
Logos
2012
|
| Schlagworte: | |
| Online-Zugang: | Inhaltstext Inhaltsverzeichnis Inhaltsverzeichnis |
| Beschreibung: | XIV, 143 S. graph. Darst. |
| ISBN: | 3832531890 9783832531898 |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV040882507 | ||
| 003 | DE-604 | ||
| 005 | 20130326 | ||
| 007 | t | ||
| 008 | 130314s2012 d||| m||| 00||| eng d | ||
| 015 | |a 12N28 |2 dnb | ||
| 016 | 7 | |a 1023924889 |2 DE-101 | |
| 020 | |a 3832531890 |c : Pb. : EUR 35.50 (DE) |9 3-8325-3189-0 | ||
| 020 | |a 9783832531898 |c : Pb. : EUR 35.50 (DE) |9 978-3-8325-3189-8 | ||
| 035 | |a (OCoLC)835553284 | ||
| 035 | |a (DE-599)DNB1023924889 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-188 |a DE-945 | ||
| 082 | 0 | |a 332.67253 |2 22/ger | |
| 084 | |a QK 800 |0 (DE-625)141681: |2 rvk | ||
| 100 | 1 | |a Pütz, Alexander |e Verfasser |0 (DE-588)1025109481 |4 aut | |
| 245 | 1 | 0 | |a The behavior of institutional investors |b three essays |c vorgelegt von Alexander Pütz |
| 264 | 1 | |a Berlin |b Logos |c 2012 | |
| 300 | |a XIV, 143 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 502 | |a Köln, Univ., Diss., 2012 | ||
| 650 | 0 | 7 | |a Investmentfonds |0 (DE-588)4114047-3 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Selbsteinschätzung |0 (DE-588)4131522-4 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Bildungsniveau |0 (DE-588)4145482-0 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Anlageverhalten |0 (DE-588)4214003-1 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Institutioneller Anleger |0 (DE-588)4252195-6 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Fondsmanager |0 (DE-588)7666984-1 |2 gnd |9 rswk-swf |
| 655 | 7 | |0 (DE-588)4143413-4 |a Aufsatzsammlung |2 gnd-content | |
| 655 | 7 | |0 (DE-588)4113937-9 |a Hochschulschrift |2 gnd-content | |
| 689 | 0 | 0 | |a Institutioneller Anleger |0 (DE-588)4252195-6 |D s |
| 689 | 0 | 1 | |a Fondsmanager |0 (DE-588)7666984-1 |D s |
| 689 | 0 | 2 | |a Anlageverhalten |0 (DE-588)4214003-1 |D s |
| 689 | 0 | |5 DE-604 | |
| 689 | 1 | 0 | |a Institutioneller Anleger |0 (DE-588)4252195-6 |D s |
| 689 | 1 | 1 | |a Anlageverhalten |0 (DE-588)4214003-1 |D s |
| 689 | 1 | 2 | |a Selbsteinschätzung |0 (DE-588)4131522-4 |D s |
| 689 | 1 | 3 | |a Bildungsniveau |0 (DE-588)4145482-0 |D s |
| 689 | 1 | 4 | |a Investmentfonds |0 (DE-588)4114047-3 |D s |
| 689 | 1 | |C b |5 DE-604 | |
| 856 | 4 | |q text/html |u http://deposit.dnb.de/cgi-bin/dokserv?id=4070102&prov=M&dok_var=1&dok_ext=htm |3 Inhaltstext | |
| 856 | 4 | |m DE-601 |q pdf/application |u http://www.gbv.de/dms/zbw/719423244.pdf |3 Inhaltsverzeichnis | |
| 856 | 4 | 2 | |m DNB Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025862222&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-025862222 | |
Datensatz im Suchindex
| _version_ | 1807955402730504192 |
|---|---|
| adam_text |
IMAGE 1
CONTENTS
LIST O F T A B L E S X I
L I S T O F F I G U R E S X I I I
1 I N T R O D U C T I O N 1
2 O V E R C O N F I D E N C E A M O N G P R O F E S S I O N A L I N V E
S T O R S : E V I D E N C E
F R O M M U T U A L F U N D M A N A G E R S 1 9
2.1 INTRODUCTION 9
2.2 METHODOLOGY 16
2.2.1 TURNOVER RATIO AS A PROXY FOR OVERCONFIDENCE . . 16
2.2.2 D A T A 18
2.3 RESULTS 20
2.3.1 OVERCONFIDENCE AND P A S T PERFORMANCE 21
2.3.2 IMPACT OF MARKET RETURNS 32
2.3.3 MANAGEMENT STRUCTURE 35
2.3.4 ALTERNATIVE EXPLANATIONS 37
2.4 CONCLUSION 47
1 T H I S C H A P T E R H A S B E E N P U B L I S H E D A S P U E T Z A
N D RUENZI (2011), OVERCONFIDENCE A M O N G PROFESSIONAL INVESTORS: E V
I D E N C E FROM M U T U A L F U N D M A N A G E R S , J O U R N A L OF
B U S I N E S S F I N A N C E & ACCOUNTING , 3 8 ( 5 / 6 ) , 684-712,
BLACKWELL P U B L I S H I N G .
V I I
HTTP://D-NB.INFO/1023924889
IMAGE 2
3 T H E V A L U A T I O N O F H E D G E F U N D S ' E Q U I T Y P O S I
T I O N S 2 4 9
3.1 INTRODUCTION 49
3.2 D A T A 54
3.2.1 D A T A SOURCES AND IDENTIFICATION OF HEDGE FUND
ADVISORS 54
3.2.2 D A T A STEPS AND VALUATION DEVIATION MEASURE . . 56
3.2.3 SAMPLE DESCRIPTION 57
3.3 FREQUENCY AND MAGNITUDE OF VALUATION DEVIATIONS. . . . 58
3.3.1 VALUATION DEVIATIONS OVER TIME 58
3.3.2 VALUATION DEVIATIONS ACROSS ADVISORS 59
3.4 A FIRST PASS A T POSSIBLE EXPLANATIONS 60
3.4.1 IS ILLIQUIDITY RESPONSIBLE FOR THE VALUATION DEVI
ATIONS? 60
3.4.2 ARE INSTITUTIONAL ARRANGEMENTS RESPONSIBLE FOR
THE VALUATION DEVIATIONS? 65
3.5 SUSPICIOUS RETURN PATTERNS AND VALUATION DEVIATIONS . 66
3.5.1 DISCONTINUITY AROUND ZERO AND VALUATION DEVIA
TIONS 67
3.5.2 SMOOTHED RETURNS AND VALUATION DEVIATIONS . . 73
3.6 ADVERTISING AND VALUATION DEVIATIONS 78
3.6.1 REPORTING TO A DATABASE AND VALUATION DEVIATIONS 78
3.6.2 VALUATION DEVIATIONS BEFORE AND AFTER JOINING A
DATABASE 80
3.7 OFFSHORE DOMICILES AND VALUATION DEVIATIONS 81
3.8 PAST PERFORMANCE AND DIRECTIONAL VALUATION DEVIATIONS 83
3.8.1 METHODOLOGY 85
3.8.2 RESULTS 86
3.9 CONCLUSION 88
2 T H I S C H A P T E R IS B A S E D O N CICI, K E M P F , A N D P U E T
Z (2011).
V I I I
IMAGE 3
4 A R E T W O B U S I N E S S D E G R E E S B E T T E R T H A N O N E ?
E V I D E N C E
F R O M M U T U A L F U N D M A N A G E R S ' E D U C A T I O N 3 9 1
4.1 INTRODUCTION 91
4.2 D A T A 97
4.2.1 D A T A SOURCES 97
4.2.2 FUND CHARACTERISTICS 99
4.2.3 BUSINESS EDUCATION OVERVIEW 101
4.3 PERFORMANCE 103
4.3.1 OVERALL 103
4.3.2 EXTREMITY 107
4.3.3 PERSISTENCE 110
4.4 RISK AND STYLE 113
4.4.1 LEVEL AND EXTREMITY 113
4.4.2 VARIABILITY 117
4.5 CONCLUSION 123
R E F E R E N C E S 1 2 7
A P P E N D I X T O C H A P T E R 2 1 3 9
A P P E N D I X T O C H A P T E R 3 1 4 0
A P P E N D I X T O C H A P T E R 4 1 4 3
3 T H I S C H A P T E R IS B A S E D O N A N D R E U A N D P U E T Z
(2012).
I X |
| any_adam_object | 1 |
| author | Pütz, Alexander |
| author_GND | (DE-588)1025109481 |
| author_facet | Pütz, Alexander |
| author_role | aut |
| author_sort | Pütz, Alexander |
| author_variant | a p ap |
| building | Verbundindex |
| bvnumber | BV040882507 |
| classification_rvk | QK 800 |
| ctrlnum | (OCoLC)835553284 (DE-599)DNB1023924889 |
| dewey-full | 332.67253 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.67253 |
| dewey-search | 332.67253 |
| dewey-sort | 3332.67253 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Thesis Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000 c 4500</leader><controlfield tag="001">BV040882507</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20130326</controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">130314s2012 d||| m||| 00||| eng d</controlfield><datafield tag="015" ind1=" " ind2=" "><subfield code="a">12N28</subfield><subfield code="2">dnb</subfield></datafield><datafield tag="016" ind1="7" ind2=" "><subfield code="a">1023924889</subfield><subfield code="2">DE-101</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">3832531890</subfield><subfield code="c">: Pb. : EUR 35.50 (DE)</subfield><subfield code="9">3-8325-3189-0</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9783832531898</subfield><subfield code="c">: Pb. : EUR 35.50 (DE)</subfield><subfield code="9">978-3-8325-3189-8</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)835553284</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)DNB1023924889</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-188</subfield><subfield code="a">DE-945</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332.67253</subfield><subfield code="2">22/ger</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QK 800</subfield><subfield code="0">(DE-625)141681:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Pütz, Alexander</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)1025109481</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">The behavior of institutional investors</subfield><subfield code="b">three essays</subfield><subfield code="c">vorgelegt von Alexander Pütz</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Berlin</subfield><subfield code="b">Logos</subfield><subfield code="c">2012</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">XIV, 143 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="502" ind1=" " ind2=" "><subfield code="a">Köln, Univ., Diss., 2012</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Investmentfonds</subfield><subfield code="0">(DE-588)4114047-3</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Selbsteinschätzung</subfield><subfield code="0">(DE-588)4131522-4</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Bildungsniveau</subfield><subfield code="0">(DE-588)4145482-0</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Anlageverhalten</subfield><subfield code="0">(DE-588)4214003-1</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Institutioneller Anleger</subfield><subfield code="0">(DE-588)4252195-6</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Fondsmanager</subfield><subfield code="0">(DE-588)7666984-1</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4143413-4</subfield><subfield code="a">Aufsatzsammlung</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4113937-9</subfield><subfield code="a">Hochschulschrift</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Institutioneller Anleger</subfield><subfield code="0">(DE-588)4252195-6</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Fondsmanager</subfield><subfield code="0">(DE-588)7666984-1</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Anlageverhalten</subfield><subfield code="0">(DE-588)4214003-1</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="689" ind1="1" ind2="0"><subfield code="a">Institutioneller Anleger</subfield><subfield code="0">(DE-588)4252195-6</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2="1"><subfield code="a">Anlageverhalten</subfield><subfield code="0">(DE-588)4214003-1</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2="2"><subfield code="a">Selbsteinschätzung</subfield><subfield code="0">(DE-588)4131522-4</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2="3"><subfield code="a">Bildungsniveau</subfield><subfield code="0">(DE-588)4145482-0</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2="4"><subfield code="a">Investmentfonds</subfield><subfield code="0">(DE-588)4114047-3</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2=" "><subfield code="C">b</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="856" ind1="4" ind2=" "><subfield code="q">text/html</subfield><subfield code="u">http://deposit.dnb.de/cgi-bin/dokserv?id=4070102&prov=M&dok_var=1&dok_ext=htm</subfield><subfield code="3">Inhaltstext</subfield></datafield><datafield tag="856" ind1="4" ind2=" "><subfield code="m">DE-601</subfield><subfield code="q">pdf/application</subfield><subfield code="u">http://www.gbv.de/dms/zbw/719423244.pdf</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">DNB Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025862222&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-025862222</subfield></datafield></record></collection> |
| genre | (DE-588)4143413-4 Aufsatzsammlung gnd-content (DE-588)4113937-9 Hochschulschrift gnd-content |
| genre_facet | Aufsatzsammlung Hochschulschrift |
| id | DE-604.BV040882507 |
| illustrated | Illustrated |
| indexdate | 2024-08-21T00:37:12Z |
| institution | BVB |
| isbn | 3832531890 9783832531898 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025862222 |
| oclc_num | 835553284 |
| open_access_boolean | |
| owner | DE-188 DE-945 |
| owner_facet | DE-188 DE-945 |
| physical | XIV, 143 S. graph. Darst. |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | Logos |
| record_format | marc |
| spelling | Pütz, Alexander Verfasser (DE-588)1025109481 aut The behavior of institutional investors three essays vorgelegt von Alexander Pütz Berlin Logos 2012 XIV, 143 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Köln, Univ., Diss., 2012 Investmentfonds (DE-588)4114047-3 gnd rswk-swf Selbsteinschätzung (DE-588)4131522-4 gnd rswk-swf Bildungsniveau (DE-588)4145482-0 gnd rswk-swf Anlageverhalten (DE-588)4214003-1 gnd rswk-swf Institutioneller Anleger (DE-588)4252195-6 gnd rswk-swf Fondsmanager (DE-588)7666984-1 gnd rswk-swf (DE-588)4143413-4 Aufsatzsammlung gnd-content (DE-588)4113937-9 Hochschulschrift gnd-content Institutioneller Anleger (DE-588)4252195-6 s Fondsmanager (DE-588)7666984-1 s Anlageverhalten (DE-588)4214003-1 s DE-604 Selbsteinschätzung (DE-588)4131522-4 s Bildungsniveau (DE-588)4145482-0 s Investmentfonds (DE-588)4114047-3 s b DE-604 text/html http://deposit.dnb.de/cgi-bin/dokserv?id=4070102&prov=M&dok_var=1&dok_ext=htm Inhaltstext DE-601 pdf/application http://www.gbv.de/dms/zbw/719423244.pdf Inhaltsverzeichnis DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025862222&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Pütz, Alexander The behavior of institutional investors three essays Investmentfonds (DE-588)4114047-3 gnd Selbsteinschätzung (DE-588)4131522-4 gnd Bildungsniveau (DE-588)4145482-0 gnd Anlageverhalten (DE-588)4214003-1 gnd Institutioneller Anleger (DE-588)4252195-6 gnd Fondsmanager (DE-588)7666984-1 gnd |
| subject_GND | (DE-588)4114047-3 (DE-588)4131522-4 (DE-588)4145482-0 (DE-588)4214003-1 (DE-588)4252195-6 (DE-588)7666984-1 (DE-588)4143413-4 (DE-588)4113937-9 |
| title | The behavior of institutional investors three essays |
| title_auth | The behavior of institutional investors three essays |
| title_exact_search | The behavior of institutional investors three essays |
| title_full | The behavior of institutional investors three essays vorgelegt von Alexander Pütz |
| title_fullStr | The behavior of institutional investors three essays vorgelegt von Alexander Pütz |
| title_full_unstemmed | The behavior of institutional investors three essays vorgelegt von Alexander Pütz |
| title_short | The behavior of institutional investors |
| title_sort | the behavior of institutional investors three essays |
| title_sub | three essays |
| topic | Investmentfonds (DE-588)4114047-3 gnd Selbsteinschätzung (DE-588)4131522-4 gnd Bildungsniveau (DE-588)4145482-0 gnd Anlageverhalten (DE-588)4214003-1 gnd Institutioneller Anleger (DE-588)4252195-6 gnd Fondsmanager (DE-588)7666984-1 gnd |
| topic_facet | Investmentfonds Selbsteinschätzung Bildungsniveau Anlageverhalten Institutioneller Anleger Fondsmanager Aufsatzsammlung Hochschulschrift |
| url | http://deposit.dnb.de/cgi-bin/dokserv?id=4070102&prov=M&dok_var=1&dok_ext=htm http://www.gbv.de/dms/zbw/719423244.pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025862222&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT putzalexander thebehaviorofinstitutionalinvestorsthreeessays |