Is there too much benchmarking in asset management?

Journal

American Economic Review

Subject

Finance

Publishing details

American Economic Review 2023 Vol 113:4 p 1112-41

Authors / Editors

Kashyap A K; Kovrijnykh N; Li J; Pavlova

Biographies

Pavlova A

Publication Year

2023

Keywords

Incentive contracts; Moral hazard; Relative performance; Pecuniary externality; Asset management; Benchmark; Index; Welfare