Resource title

Do Fund Managers Expect Mean Averting Returns?

Resource image

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Resource 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.

Resource author

Olaf Stotz, Torben Lütje, Lukas Menkhoff, Rüdiger von Nitzsch

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/22421

Resource license

Adapt according to the presented license agreement and reference the original author.