| Author: | Wang, Ruijiao |
| Title: | The influence of personal characteristics on fund performance among fund managers in China |
| Advisors: | Cho, Vincent (MM) Xu, Xin (MM) |
| Degree: | D.B.A. |
| Year: | 2023 |
| Subject: | Investment advisors -- China Investment advisors -- Psychology Investment advisors -- Professional ethics Hong Kong Polytechnic University -- Dissertations |
| Department: | Faculty of Business |
| Pages: | 7, viii, 130 pages : color illustrations |
| Language: | English |
| Abstract: | The market for mutual funds in China has experienced fast expansion in the past few years. While the investment outcome of a fund is influenced by market forces, the qualities and traits of the mutual fund manager also have a notable impact. Despite numerous research endeavors exploring how different characteristics of mutual fund managers affect the performance of their funds, the types of characteristics considered are not always comprehensive. Furthermore, China’s economy is known for its unique capital market characteristics, which may limit the applicability of conclusions drawn from studies conducted in other markets to the market in China. Therefore, conducting a study on the market in China that considers a comprehensive range of mutual fund managers’ characteristics will provide deeper insights into this market. In addition, emotional finance has emerged as a new dimension for analyzing financial markets. However, the extent to which emotional intelligence is important for mutual fund managers, especially in China, has not been thoroughly investigated. Furthermore, different dimensions of emotional intelligence have been investigated in other management fields, such as leadership studies. As far as we know, there has been no research attempted to consider the different dimensions of emotional intelligence within the realm of mutual fund management. This study aims to investigate how the characteristics of mutual fund managers influence the investment outcomes of the funds they manage. The study will specifically concentrate on emotional intelligence, timing of investments in the market, and the ability to select individual stocks. Timing, or the ability to enter or exit a market at the right time, and picking, or the ability to select stocks for a portfolio, are crucial factors in determining fund performance. Emotional intelligence is assessed through survey research, and mutual fund managers’ characteristics and fund performance are obtained from the WIND database. Multiple linear regression models are developed to test the hypotheses how the personal traits of mutual fund managers affect the investment outcome of the fund. In the process, features of the length of time a manager has been in the mutual fund market and fund size is employed as moderators to investigate their effects on how personal characteristics are linked to the investment outcomes of their funds. By exploring the impact of personal characteristics on fund investment outcomes among mutual fund managers, this study aims to provide valuable insights and advice to investors who are looking for funds to invest their money for better return. |
| Rights: | All rights reserved |
| Access: | restricted access |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 7182.pdf | For All Users (off-campus access for PolyU Staff & Students only) | 20.32 MB | Adobe PDF | View/Open |
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