Managerial characteristics and performance of eurozone mutual funds
研究了欧元区多元化股票共同基金的经理特征（性别、年龄、任期、专业资格、高等教育）与基金业绩的关系，发现年龄和CFA认证与风险调整后业绩正相关，任期则负相关。
Abstract We investigate the relation between observable managerial characteristics (i.e., gender, age, tenure, professional qualifications, and advanced education) and performance in diversified equity mutual funds domiciled in the eurozone. We find that differences in the fund alphas are statistically significant only in groups based on age, tenure, and professional qualifications (i.e., chartered financial analyst [CFA]). We also find a significant positive relation for age and CFA certification with a fund's risk‐adjusted performance and a significant negative relation for tenure. However, we find no significant effect for gender and advanced education (i.e., master of business administration [MBA]). The differences in risk taking are significantly related only with age and tenure; the former has a negative and the latter a positive relation with risk taking.