Skill, Luck, and the Multiproduct Firm: Evidence from Hedge Funds

    Management Science, pp. 1963-1978, 2011.

    Cited by: 18|Bibtex|Views3|Links
    EI
    Keywords:
    diversificationperformancestrategyorganizational studieseconomicsMore(2+)

    Abstract:

    We formalize the idea that when managers require external investment to expand, higher-skilled firms will be more likely to diversify in equilibrium, even though managers can exploit asymmetric information about their ability to raise capital from investors. We exploit the timing of new fund launches in the hedge fund industry to distingu...More

    Code:

    Data:

    Your rating :
    0

     

    Tags
    Comments