The upside of financial fragility
In two recent studies, Professor David Schumacher charts the rise of large asset managers and examines their effect on financial market stability.
Home Bias Abroad: Domestic Industries and Foreign Portfolio Choice
Authors: David Schumacher
Publication: Review of Financial Studies, Forthcoming
Abstract:
Congratulations to Assistant Professor David Schumacher of Finance on receiving NFA 2016 Best Paper Award on ETFs in Asset Management
Congratulations to Assistant Professor David Schumacher of Finance on receiving NFA 2016 Best Paper Award on ETFs in Asset Management for "Who is afraid of BlackRock?".
Authors: Schumacher, D., Wang, Y., Massa, M.
Publication: Social Science Research Network
Outsourcing in the International Mutual Fund Industry: An Equilibrium View
Authors: Chuprinin, O., Massa, M., and Schumacher, D.
Publications: Journal of Finance, Vol. 70, No. 5, 2015
Are Investors for Sale? Evidence from Financial Mergers
Authors: Luo, M., Manconi, A., and Schumacher, D.
Outsourcing in the International Mutual Fund Industry: An Equilibrium View
Authors: Oleg Chuprinin (University of New South Wales), Massimo Massa (INSEAD), David Schumacher (McGill)
Journal: The Journal of Finance, forthcoming
Abstract:
We study outsourcing relationships among international asset management firms. We
find that in companies that manage both outsourced and inhouse funds, inhouse funds