How Long to Read Fund Managers, Career Concerns, and Asset Price Volatility

How Long Does it Take to Read Fund Managers, Career Concerns, and Asset Price Volatility?

It takes the average reader and 40 minutes to read Fund Managers, Career Concerns, and Asset Price Volatility by Veronica Guerrieri

Assuming a reading speed of 250 words per minute. Learn more

Description

This is a print on demand edition of a hard to find publication. Proposes a general equilibrium model where investors hire fund managers (FM) to invest their capital either in a risky bond or in a riskless asset. There is a small fraction of informed FM with superior info. on the default probability. Looking at the past performance, investors update their beliefs on the info. of their FM and make hiring and firing decisions. This leads to career concerns which affect the investment decision of un-informed FM, generating a ¿reputational premium¿. When the default probability is high enough, un-informed FM prefer to invest in the riskless asset to reduce the probability of being fired. On the contrary, if the probability of default is low enough, investing in the risky bonds has a reputational advantage and the premium is negative.

How long is Fund Managers, Career Concerns, and Asset Price Volatility?

Fund Managers, Career Concerns, and Asset Price Volatility by Veronica Guerrieri is 39 pages long, and a total of 10,101 words.

This makes it 13% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read Fund Managers, Career Concerns, and Asset Price Volatility Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 55 minutes to read Fund Managers, Career Concerns, and Asset Price Volatility aloud.

What Reading Level is Fund Managers, Career Concerns, and Asset Price Volatility?

Fund Managers, Career Concerns, and Asset Price Volatility is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Fund Managers, Career Concerns, and Asset Price Volatility?

Fund Managers, Career Concerns, and Asset Price Volatility by Veronica Guerrieri is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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