Psychological Capital: Impacts on Asset Management

Q3 Business, Management and Accounting

Latin American Business Review Pub Date : 2018-10-02 DOI:10.1080/10978526.2018.1541746

Nicolas Corteze Chang, V. Maia, Flávia Cavazotte, Samira Loreto Edilberto Pompeu

引用次数: 1

Abstract

Abstract Drawing together the areas of behavioral finance and positive psychology, the present research sought to investigate whether the psychological capital of investment fund managers is associated with fund performance in a context of financial instability. The theoretical propositions were presented and evaluated empirically through primary data on investment fund manager profiles and secondary data on the cumulative stock fund returns. The results indicate that funds managed by managers with greater resilience and optimism obtained a higher return than the mean profitability in a period of market instability.

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心理资本:对资产管理的影响

摘要本研究将行为金融学和积极心理学相结合，试图调查在金融不稳定的背景下，投资基金经理的心理资本是否与基金业绩有关。通过投资基金经理档案的一级数据和股票基金累积回报的二级数据，提出并实证评估了理论命题。研究结果表明，在市场不稳定时期，由具有更大韧性和乐观情绪的经理管理的基金获得了高于平均盈利能力的回报。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Latin American Business Review Business, Management and Accounting-Business and International Management

CiteScore

2.40

自引率

0.00%

发文量

期刊介绍： Latin American Business Review is a quarterly, refereed journal which facilitates the exchange of information and new ideas between academics, business practitioners, public policymakers, and those in the international development community. Special features of the journal will keep you current on various teaching, research, and information sources. These activities all focus on the business and economic environment of the diverse and dynamic countries of the Americas.