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Realism, Skill & Incentives: Current and Future Trends in Investment Management and Investment Performance

Mason, A, Agyei-Ampomah, S and Skinner, F (2015) Realism, Skill & Incentives: Current and Future Trends in Investment Management and Investment Performance International Review of Financial Analysis, 43. pp. 31-40.

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Abstract

We review the recent trends in investment management and performance research and highlight the fields expected to develop further in the future. The trend to adapt the classic CAPM and factor models seems likely to continue, with the drive for realistic factors, which best proxy the drivers of investment performance, playing a key role. The search for skill, based on enhanced benchmarks is also a developing area, with new concepts of identification and verification at the fore. The availability of more qualitative data has allowed corporate finance themes such as agency conflict and incentives to be explored. These are some of the areas where we have seen major developments in recent years and where we expect to see continuing development.

Item Type: Article
Divisions : Faculty of Arts and Social Sciences > Surrey Business School
Authors :
AuthorsEmailORCID
Mason, AUNSPECIFIEDUNSPECIFIED
Agyei-Ampomah, SUNSPECIFIEDUNSPECIFIED
Skinner, FUNSPECIFIEDUNSPECIFIED
Date : 27 November 2015
Identification Number : 10.1016/j.irfa.2015.10.003
Uncontrolled Keywords : Investment Management, Investment Performance, Mutual Funds, Factor Models, Skill, Characteristics, Incentives
Additional Information : © 2015 The Authors. Published by Elsevier Inc. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Depositing User : Symplectic Elements
Date Deposited : 15 Dec 2015 16:19
Last Modified : 15 Dec 2015 16:19
URI: http://epubs.surrey.ac.uk/id/eprint/809488

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