Blar i BI Open på forfatter "Trzcinka, Charles"
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Asset management and investment banking
Berzins, Janis; Liu, Crocker H.; Trzcinka, Charles (Journal article; Peer reviewed, 2013)We find evidence that conflicts of interest are pervasive in the asset management business owned by investment banks. Using data from 1990 to 2008, we compare the alphas of mutual funds, hedge funds, and institutional funds ...