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"Agency conflicts have significant impact on capital markets"

Published

Ron Kaniel in action – at yesterday’s finance seminar held at the School of Business, Economics and Law.

Professor Ron Kaniel is one of 16 professors serving on the international Visiting Professor Programme at the School of Business, Economics and Law. Yesterday he presented his latest paper to colleagues and students at the School.


Ron’s research interests are in the areas of asset pricing, financial intermediation and investments. He has a particular interest in understanding mutual funds investment decisions and how they impact security prices.
He is convinced that agency conflicts within financial intermediaries have significant impact on capital markets. This is explained in the paper he presented: “Relative Pay for Non-Relative Performance: Keeping up with the Joneses with Optimal Contracts".


Ron is the Jay S. and Jeanne P. Benet Professor of Finance at the Simon School, University of Rochester, USA. We are delighted to have him here in Gothenburg sharing his experience and knowledge and collaborating with colleagues and students at the School.
 

Find out more about Ron and his research at the Visiting Professor Programme web site: handels.gu.se/vpp