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Sichtweisen und Anlageverhalten des österreichischen Fondsmanagements

Author

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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.

Suggested Citation

  • Lütje, Torben, 2004. "Sichtweisen und Anlageverhalten des österreichischen Fondsmanagements," Hannover Economic Papers (HEP) dp-310, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
  • Handle: RePEc:han:dpaper:dp-310
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    File URL: http://diskussionspapiere.wiwi.uni-hannover.de/pdf_bib/dp-310.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Fondsmanagement; Overconfidence; Herdenverhalten; Entscheidungsverhalten;

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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