SSRN Home Search and Download Papers Browse Abstract and Paper Submission Subscribe to Networks View Briefcase Top Papers Top Authors Top Institutions

 

Abstract

 


 



Are You Smarter than a CFA’er?

Oguzhan C. Dincer
Illinois State University

Russell B. Gregory-Allen
Massey University - Department of Commerce

Hany A. Shawky
SUNY at Albany - School of Business and Center for Institutional Investment management


January 12, 2010


Abstract:     
Several studies have examined whether a manager having an MBA or CFA leads to superior portfolio performance. However, these studies have yielded mixed conclusions. A possible reason is that most have considered only MBA or CFA alone, and most have not controlled for managers’ style targets. We examine MBAs and CFAs together, controlling for market conditions and style targets. We find no unambiguous difference in return attributable to MBA, CFA or Experience; but more significantly (especially in light of recent events), CFAs reduce and MBAs increase portfolio risk.

Keywords: CFA, MBA, portfolio managment, portfolio risk

Working Paper Series

Date posted: August 22, 2009 ; Last revised: January 14, 2010

Suggested Citation

Dincer, Oguzhan C., Gregory-Allen, Russell B. and Shawky, Hany A., Are You Smarter than a CFA’er? (January 12, 2010). Available at SSRN: http://ssrn.com/abstract=1458219


Export to: Export Citation What's this?

Contact Information

Russell B. Gregory-Allen (Contact Author)
Massey University - Department of Commerce ( email )
Auckland New Zealand
Oguzhan C. Dincer
Illinois State University ( email )
Normal, IL 61790-4200
United States
Hany A. Shawky
SUNY at Albany - School of Business and Center for Institutional Investment management ( email )
School of Business
1400 Washington Ave.
Albany, NY 12222
United States
518-442-4921 (Phone)
518-442-3944 (Fax)
Feedback to SSRN (Beta)


Paper statistics
Abstract Views: 3,908
Downloads: 1,044
Download Rank: 4,865

© 2010 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright
This page was served by apollo6 in 0.141 seconds.