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On Incentives for Sustainable Investments

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Author Info

  • Foufas, Georgios

    ()
    (Centre for Finance, School of Business, Economics and Law, Gothenburg University)

  • Sundén, Mattias

    ()
    (Centre for Finance, School of Business, Economics and Law, Gothenburg University)

  • Carlsson, Evert

    ()
    (Centre for Finance, School of Business, Economics and Law, Gothenburg University)

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    Abstract

    There is a trend among institutional investors to split their assets between index-managers and specialists. The specialist mandates are typically delegated to specialist asset managers, who are assumed to generate "alpha", take on large risks and whose remuneration is performance based. In this paper, we will study how the optimal behavior of the specialist manager will depend on the remuneration structure.

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    File URL: http://sites.google.com/site/climatedeclaration/Home/sirpwp10-01-Foufasetal.pdf?attredirects=0&d=1
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    Bibliographic Info

    Paper provided by Sustainable Investment Research Platform in its series Sustainable Investment and Corporate Governance Working Papers with number 2010/1.

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    Length: 28 pages
    Date of creation: 19 Jan 2010
    Date of revision:
    Handle: RePEc:hhb:sicgwp:2010_001

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    Related research

    Keywords: Incentives; portfolio choice; sustainable investments; value function;

    This paper has been announced in the following NEP Reports:

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