The performance synergies between science and engineering and business management backgrounds of managers in high-tech mutual funds: Evidence from Taiwan

Ming-Chang Wang and Ming-Yuan Cheng

International Review of Economics & Finance, 2014, vol. 34, issue C, 211-229

Abstract: This study tries to investigate the performance of specific stylized mutual funds focusing on the matched professional abilities of fund managers, based upon their relative educational backgrounds. Using a 2001–2011 dataset on 1164 fund managers investing in the Taiwan Stock Exchange comprising mainly of high-tech stocks, our findings suggest that mutual fund managers with joint science and engineering (SE) and business management (BM) backgrounds perform significantly better than fund managers only with business management (BM) background when managing high-tech funds. These results also provide support for the notion that the proliferation of joint degree programs across the associated fields lends credence to the belief that synergies exist between the backgrounds in the stylized mutual funds with professional's educational background of fund manager matching with stock targets.

Keywords: Science and engineering education; Characteristics of fund manager; High-tech mutual funds; Fund performance (search for similar items in EconPapers)
JEL-codes: G15 G23 G24 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1059056014001014
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:34:y:2014:i:c:p:211-229

DOI: 10.1016/j.iref.2014.07.008

Access Statistics for this article

International Review of Economics & Finance is currently edited by H. Beladi and C. Chen

More articles in International Review of Economics & Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().