Listagem por autor "Yoshima, Samy Osamu Abud"

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Optimal performance fees and flow of funds in asset management contracts

Yoshima, Samy Osamu Abud
2006

This paper investigates the importance of ow of funds as an implicit incentive in the asset management industry. We build a two-period bi- nomial moral hazard model to explain the trade-o¤s between ow, per- formance and ...
Optimal provision of implicit and explicit incentives in asset management contracts

Yoshima, Samy Osamu Abud
2005-07-15

This paper investigates the importance of the fiow of funds as an implicit incetive provided by investors to portfolio managers in a two-period relationship. We show that the fiow of funds is a powerful incentive in an ...