Agency and Transparency in Financial Markets

We analyze incentive effects of transparency on delegated portfolio management. When portfolio return is observable, disclosure of portfolio composition decreases expected return and lowers the investor's ability to identify the manager's actual type. More information about the portfolio r...

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Bibliographic Details
Main Author:	Sadettin Haluk ÇİTÇİ
Format:	Article
Language:	deu
Published:	Celal Bayar University 2014-12-01
Series:	Yönetim ve Ekonomi
Subjects:	transparency career concern delegated portfolio management şeffaflık kariyer kaygısı yetkilendirilmiş portföy yönetimi
Online Access:	http://www2.bayar.edu.tr/yonetimekonomi/dergi/pdf/C21S22014/269-280.pdf

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spelling	doaj-a33df48dbf1c4643a13034c7716b68802020-11-25T01:27:38ZdeuCelal Bayar UniversityYönetim ve Ekonomi1302-00641302-00642014-12-01212269280Agency and Transparency in Financial MarketsSadettin Haluk ÇİTÇİWe analyze incentive effects of transparency on delegated portfolio management. When portfolio return is observable, disclosure of portfolio composition decreases expected return and lowers the investor's ability to identify the manager's actual type. More information about the portfolio return before renewal of management agreement also decreases expected return, while, conditionally, it may provide more information about manager's actual ability.http://www2.bayar.edu.tr/yonetimekonomi/dergi/pdf/C21S22014/269-280.pdftransparencycareer concerndelegated portfolio managementşeffaflıkkariyer kaygısıyetkilendirilmiş portföy yönetimi
collection	DOAJ
language	deu
format	Article
sources	DOAJ
author	Sadettin Haluk ÇİTÇİ
spellingShingle	Sadettin Haluk ÇİTÇİ Agency and Transparency in Financial Markets Yönetim ve Ekonomi transparency career concern delegated portfolio management şeffaflık kariyer kaygısı yetkilendirilmiş portföy yönetimi
author_facet	Sadettin Haluk ÇİTÇİ
author_sort	Sadettin Haluk ÇİTÇİ
title	Agency and Transparency in Financial Markets
title_short	Agency and Transparency in Financial Markets
title_full	Agency and Transparency in Financial Markets
title_fullStr	Agency and Transparency in Financial Markets
title_full_unstemmed	Agency and Transparency in Financial Markets
title_sort	agency and transparency in financial markets
publisher	Celal Bayar University
series	Yönetim ve Ekonomi
issn	1302-0064 1302-0064
publishDate	2014-12-01
description	We analyze incentive effects of transparency on delegated portfolio management. When portfolio return is observable, disclosure of portfolio composition decreases expected return and lowers the investor's ability to identify the manager's actual type. More information about the portfolio return before renewal of management agreement also decreases expected return, while, conditionally, it may provide more information about manager's actual ability.
topic	transparency career concern delegated portfolio management şeffaflık kariyer kaygısı yetkilendirilmiş portföy yönetimi
url	http://www2.bayar.edu.tr/yonetimekonomi/dergi/pdf/C21S22014/269-280.pdf
work_keys_str_mv	AT sadettinhalukcitci agencyandtransparencyinfinancialmarkets
_version_	1725104174207598592

Agency and Transparency in Financial Markets

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