FUND MANAGERS PERFORMANCE IN TURKEY: AN EMPIRICAL EVALUATION

Masood O., Aktan B., EVRİM MANDACI P., Teker E.

6th International Scientific Conference Business and Management 2010, Vilniaus, Litvanya, 13 - 14 Mayıs 2010, ss.125-127 identifier

  • Yayın Türü: Bildiri / Tam Metin Bildiri
  • Cilt numarası:
  • Doi Numarası: 10.3846/bm.2010.018
  • Basıldığı Şehir: Vilniaus
  • Basıldığı Ülke: Litvanya
  • Sayfa Sayıları: ss.125-127
  • Anahtar Kelimeler: fund management, Turkish fund managers, performance, emerging market, ordered choice models, HERD BEHAVIOR, INVESTMENT, CASCADES, CRISES
  • Dokuz Eylül Üniversitesi Adresli: Evet

Özet

The aim of this study is to investigate whether some certain characteristics of fund managers help to explain their performance in the context of an emerging market, Turkey. We test the statistical significance between two measures of fund manager performance (number of clients and portfolio size) and fund manager characteristics such as education, job experience, etc by using a survey methodology to obtain primary data and applying the ordered choice models. Both measures of performance are positively correlated with the number of training courses attended and the number of years of experience in a particular organization.