作　　者： ; ; ; ;

机构地区： 南京大学商学院

出　　处： 《上海立信会计学院学报》 2012年第1期60-67,共8页

摘　　要： 通过对基金经理特征与基金业绩关系的实证研究考察了年龄、性别、任期、工作经历、银行背景、教育背景、资格证书等经理特征对基金业绩的影响。实证结果表明,年龄、任期、MBA与基金业绩负相关,银行经历与基金业绩正相关,博士学历反而没有硕士学历的经理基金业绩好,女性经理业绩强于男性,工作经历对业绩影响不大,CFA证书持有者业绩略好,金融专业背景经理业绩强于其他专业。研究还发现,硕士毕业于国内排名前十位高校的基金经理管理的业绩,获得比其他经理管理的基金高出13.6%-15.4%的投资收益率。研究结论表明,较高的人力资本和社会资本有利于基金业绩的提升,而经验资本影响不大。 Based on the relationship between fund manager characteristics and fund performance, this article empirically studies the impact of age, gender, tenure, work experience, banking background, educational background, and qualified certification on fund performance. The empirical results show that age, tenure, MBA are negatively correlated with fund performance, while the banking background experiences a positive cor- relation with the fund performance. Besides, fund managers with PH.D. degree perform worse than those with Master degree, female managers perform better than male counterparts. Work experience has little effect on performance. CFA certification holders perform slightly better, and managers with financial professional back- ground perform much better than other professional managers. In addition, this article studies performance of masters graduated from top ten universities in China and finds their funds＇ ROIC is 13.6 to 15.4 percent higher compared to others. The study shows that higher human capital and social capital enhance fund performance while experience capital has little effect.

关 键 词： 经理特征 基金业绩 教育背景

领　　域： [经济管理]