Expertis i fondbranschen
Syftet med vår forskning är att öka förståelsen för vad expertis är i fondbranschen och hur den används i bedömningar och beslut. Dessutom vill vi förstå vilken roll modeller spelar i expertbedömningar och beslut.
Grundinformation
- Finansiär: SHB Forskningsstiftelser
Beskrivning
To outperform the stock market over time, on a risk adjusted level, have been considered theoretically improbable (if not impossible). However, there are some empirical evidence suggesting that some fund managers outperform the market, at least over a period of time. Investment strategies and financial models have been proposed as explanation for it. On the other hand, little if no interest has been directed at how the fund managers' expertise affects assessments and decisions.
Building on our previous studies of expertise and intuitive expertise in strategic decision-making this programme examines the fund industry taking the perspective of individual fund managers. We have two overarching questions:
- What is expertise in fund management? How is expertise expressed, i.e. how does it appear in judgments and decisions relating to fund investments?
- What role do models play when an expert in fund management makes judgments and decisions? How can the relationship between expert and models be described?
In the programme we study expertise and the use of intuitive expertise and models by actors involved in the fund industry.
The aim of this programme is to increase our understanding of what expertise is in the fund industry and how it is used in judgments and decisions. Furthermore, we want to understand what role models play in expert judgments and decisions.