{"id":{"repo_id":"passau-thes","oai_identifier":"oai:kobv.de-opus4-uni-passau:180"},"canonical_url":"https://search.dev.ndltd.org/etd/passau-thes/oai:kobv.de-opus4-uni-passau:180","repository":{"repo_id":"passau-thes","name":"Universität Passau","base_url":"https://opus4.kobv.de/opus4-uni-passau/oai"},"display":{"title":"Delegated Portfolio Management - Optimal Portfolio Policies under Compensation, Capital Flow and Price Influence","abstract":"This work investigates the intertemporal portfolio optimization of professional portfolio managers. It analyzes whether the special conditions of delegation in which portfolio managers make investment decisions - compensation depending on assets under management, capital flow depending on past performance, and influence on prices - can explain the observable investment patterns of portfolio managers. It further evaluates optimal portfolio policies from the primary investor’s perspective.","abstract_html":"This work investigates the intertemporal portfolio optimization of professional portfolio managers. It analyzes whether the special conditions of delegation in which portfolio managers make investment decisions - compensation depending on assets under management, capital flow depending on past performance, and influence on prices - can explain the observable investment patterns of portfolio managers. It further evaluates optimal portfolio policies from the primary investor’s perspective.","abstract_has_math":false,"creators":["Kremer, Andreas"],"institution":"Universität Passau","degree_name":null,"degree_level":"thesis.doctoral","degree_discipline":null,"degree_department":null,"school":null,"contributors":["Wilhelm, Jochen"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2012,"date_issued":"2012-01-30","date_published":"2012-01-30","updated_at":"2026-07-24T03:45:00Z","subjects":["Preiseinfluss","Trinomialbaum","portfolio management","capital market","efficiency","markov chain approximation","trinomial tree model"],"languages":[],"rights":["Standardbedingung laut Einverständniserklärung"],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"https://opus4.kobv.de/opus4-uni-passau/frontdoor/index/index/docId/180","outbound_label":"Repository record","outbound_source":"source_url"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["Wilhelm, Jochen"]},{"key":"dc:creator","label":"Author","values":["Kremer, Andreas"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:publisher","label":"Institution","values":["Universität Passau"]},{"key":"dc:type","label":"Dc Type","values":["doctoralThesis"]},{"key":"thesis:degree_level","label":"Degree Level","values":["thesis.doctoral"]},{"key":"thesis:institution_name","label":"Thesis Institution Name","values":["Universität Passau"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Preiseinfluss","Trinomialbaum","portfolio management","capital market","efficiency","markov chain approximation","trinomial tree model"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:rights","label":"Dc Rights","values":["Standardbedingung laut Einverständniserklärung"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["This work investigates the intertemporal portfolio optimization of professional portfolio managers. It analyzes whether the special conditions of delegation in which portfolio managers make investment decisions - compensation depending on assets under management, capital flow depending on past performance, and influence on prices - can explain the observable investment patterns of portfolio managers. It further evaluates optimal portfolio policies from the primary investor’s perspective.","Die Arbeit untersucht intertemporale Portfolio Optimierung von professionellen Portfolio Managern. Sie analysiert, ob die speziellen Bedingungen der Delegation, unter denen Portfolio Manager Investmententscheidungen treffen - Vergütung in Abhängigkeit vom verwalteten Vermögen, Kapitalfluss abhängig von vergangener Leistung, und Preiseinfluss - empirische Investitionsmuster erklären können. Sie bewertet ferner die resultierenden Portfolio Strategien aus der Sicht eines privaten Investors."]},{"key":"dc:format.medium","label":"Dc Format Medium","values":["application/pdf"]},{"key":"dc:title","label":"Title","values":["Delegated Portfolio Management - Optimal Portfolio Policies under Compensation, Capital Flow and Price Influence","Delegiertes Portfolio Management - Optimale Portfolio Strategien bei Vergütung, Kapitalfluss und Preiseinfluss"]}]}],"canonical_facts":{"dc:contributor":["Wilhelm, Jochen"],"dc:creator":["Kremer, Andreas"],"dc:description.abstract":["This work investigates the intertemporal portfolio optimization of professional portfolio managers. It analyzes whether the special conditions of delegation in which portfolio managers make investment decisions - compensation depending on assets under management, capital flow depending on past performance, and influence on prices - can explain the observable investment patterns of portfolio managers. It further evaluates optimal portfolio policies from the primary investor’s perspective.","Die Arbeit untersucht intertemporale Portfolio Optimierung von professionellen Portfolio Managern. Sie analysiert, ob die speziellen Bedingungen der Delegation, unter denen Portfolio Manager Investmententscheidungen treffen - Vergütung in Abhängigkeit vom verwalteten Vermögen, Kapitalfluss abhängig von vergangener Leistung, und Preiseinfluss - empirische Investitionsmuster erklären können. Sie bewertet ferner die resultierenden Portfolio Strategien aus der Sicht eines privaten Investors."],"dc:format.medium":["application/pdf"],"dc:publisher":["Universität Passau"],"dc:rights":["Standardbedingung laut Einverständniserklärung"],"dc:subject":["Preiseinfluss","Trinomialbaum","portfolio management","capital market","efficiency","markov chain approximation","trinomial tree model"],"dc:title":["Delegated Portfolio Management - Optimal Portfolio Policies under Compensation, Capital Flow and Price Influence","Delegiertes Portfolio Management - Optimale Portfolio Strategien bei Vergütung, Kapitalfluss und Preiseinfluss"],"dc:type":["doctoralThesis"],"thesis:degree_level":["thesis.doctoral"],"thesis:institution_name":["Universität Passau"]},"updated_at":"2026-07-24T03:45:00Z"}