Prof. Li Jin from the Harvard Business School is giving a VGSF research seminar on "Managerial Career Concern and Mutual Fund Short-termism" on FRIDAY, June 30th, from 15:30 to 17:00 at the Institute for Advanced Studies (Institut für Höhere Studien, Stumpergasse 56, 1060 Wien), Lecture Room (HS) 2. Please find the paper's abstract below.
Coffee and snacks are going to be available in the cafeteria of IHS, which is located next to the lecture room, before and after the seminar.
Li is going to be in Vienna for the entire week. If you like to meet him and to discuss your research with him, please contact me.
Best, Michael Halling
Abstract Mutual fund investors reward short run performance with large inflows. Fund managers facing strong performance-related flows are shown to focus more on short horizon investments. Further tests of causality suggest that fund managers short investment horizons are caused by their investors short horizons, but not the other way around.