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Sichtweisen und Anlageverhalten des österreichischen Fondsmanagements

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  • Lütje, Torben

Abstract

Die Untersuchung basiert auf einer schriftlichen Befragung von Fondsmanagern in Österreich. Sie offenbart deren positive Selbsteinschätzung hinsichtlich des beruflichen Erfolges, ohne dabei mit exzessiver Überschätzung des eigenen Informationsstandes verbunden zu sein. Das Anlageverhalten der Fondsmanager weist grundsätzlich kaum Verzerrungen auf - weder exzessive Handelsaktivität, noch einen Dispositionseffekt oder Verlustaversion. Allerdings ist festzustellen, dass insbesondere jüngere, unerfahrene Fondsmanager zum Herdenverhalten neigen. In der Untersuchung offenbaren letztere aber keine höhere Risikoaversion, die im Allgemeinen mit Herdenverhalten assoziiert wird.

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Bibliographic Info

Paper provided by Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät in its series Hannover Economic Papers (HEP) with number dp-310.

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Length: 12 pages
Date of creation: Dec 2004
Date of revision:
Handle: RePEc:han:dpaper:dp-310

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Keywords: Fondsmanagement; Overconfidence; Herdenverhalten; Entscheidungsverhalten;

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References

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