Asymmetry of information, risk a decision making in the process of investing to funds of qualified investors

Kamila Veselá

Ekonomika a Management, 2015, vol. 2015, issue 3

Abstract: The submitted paper focuses on information asymmetry in the area of investments in qualified investors’ funds. The qualified investors’ funds are the main force standing behind the development of collective investment market in the Czech Republic. Determination of investment strategy has a key role in defining the level of risk of the fund, the knowledge of such investment strategy is essential for the decision of the investor. The quality of the provided information is therefore critical; however, the investor cannot be expected to have the same knowledge of the fund as does the manager of the fund. The manager, maximizing the profit (his fee for managing the fund), may try to contort information towards the investor to “lure” him into an investment and thus achieve his goal. The objective of this paper is therefore the identification of risks connected to investing in QIF as result of the existence of IA on the side of the investor, qualitative analysis and proposal of measures leading to the elimination of IA. The main goal of realized analysis was to create an information model, as a methodological guide for potential investor shows how to work with asymmetry information and how to integrate these informations into the decision-making process.

Keywords: nejistota; uncertainty; Riziko; Risk; Information asymmetry; Decision making; Investment; Funds of qualified investors; Asymetrie informací; Rozhodování; Investice; Fond kvalifikovaných investorů (search for similar items in EconPapers)
JEL-codes: D82 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.vse.cz/eam/download.php?jnl=eam&pdf=258.pdf
http://www.vse.cz/eam/258 (text/html)
free of charge

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:prg:jnleam:v:2015:y:2015:i:3:id:258

Ordering information: This journal article can be ordered from
Redakce Ekonomika a management, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3
http://www.vse.cz/eam/

Access Statistics for this article

Ekonomika a Management is currently edited by Eva Kislingerová

More articles in Ekonomika a Management from Prague University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Stanislav Vojir ().