基金经理才能和基金绩效--基于中国基金经理离职事件的实证研究

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  基金经理的作用非常重要,但其才能与基金管理绩效、基金管理者薪酬的关系问题一直是理论界和实际中争论的焦点,而如何量化基金经理的才能是这方面研究的难点。本文从基金经理离职事件出发,提出了利用基金市场份额变动率和任职情况来衡量基金经理才能的方法,选择自2005年1月至2011年8月间存在基金经理离职情况的开放式基金数据样本,对基金经理的才能和基金绩效进行了分析。研究发现,基金绩效与基金经理才能之间存在正相关关系,同时,基金经理所获的的薪酬与其才能是相互匹配的。
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