The Agency Theory Applied to the Investment Funds

This article seeks to verify the existence of a relationship between the rate of remuneration charged by the administrators of investment funds and the profitability of these portfolios, under the perspective of the Agency Theory. The Agency Theory seeks to explain the conflicts of interest that can...

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Autores principales:	Flávia Zóboli Dalmácio, Valcemiro Nossa
Formato:	article
Lenguaje:	EN PT
Publicado:	FUCAPE Business School 2004
Materias:	agency theory conflict of interests investment funds Business HF5001-6182
Acceso en línea:	https://doaj.org/article/c2d2c64469ae4517a9d076a2baaa9cf2
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id	oai:doaj.org-article:c2d2c64469ae4517a9d076a2baaa9cf2
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spelling	oai:doaj.org-article:c2d2c64469ae4517a9d076a2baaa9cf22021-11-11T15:48:03ZThe Agency Theory Applied to the Investment Funds1807-734Xhttps://doaj.org/article/c2d2c64469ae4517a9d076a2baaa9cf22004-01-01T00:00:00Zhttp://www.redalyc.org/articulo.oa?id=123017748003https://doaj.org/toc/1807-734XThis article seeks to verify the existence of a relationship between the rate of remuneration charged by the administrators of investment funds and the profitability of these portfolios, under the perspective of the Agency Theory. The Agency Theory seeks to explain the conflicts of interest that can arise from the contractual relationship between a principal and an agent. The agent is the individual who, motivated by his own interests, undertakes to do certain tasks for the principal. This work was developed from a bibliographical review and, based on experimental research, empirical investigations were made, the principal object of which was the test of the hypothesis with relation to cause-effect that could exist between the administration tax and the profitability of the investment funds. However, the results obtained by means of the use of statistical tests did not sustain the hypothesis raised in this work.Flávia Zóboli DalmácioValcemiro NossaFUCAPE Business Schoolarticleagency theoryconflict of interestsinvestment fundsBusinessHF5001-6182ENPTBBR: Brazilian Business Review, Vol 1, Iss 1, Pp 31-44 (2004)
institution	DOAJ
collection	DOAJ
language	EN PT
topic	agency theory conflict of interests investment funds Business HF5001-6182
spellingShingle	agency theory conflict of interests investment funds Business HF5001-6182 Flávia Zóboli Dalmácio Valcemiro Nossa The Agency Theory Applied to the Investment Funds
description	This article seeks to verify the existence of a relationship between the rate of remuneration charged by the administrators of investment funds and the profitability of these portfolios, under the perspective of the Agency Theory. The Agency Theory seeks to explain the conflicts of interest that can arise from the contractual relationship between a principal and an agent. The agent is the individual who, motivated by his own interests, undertakes to do certain tasks for the principal. This work was developed from a bibliographical review and, based on experimental research, empirical investigations were made, the principal object of which was the test of the hypothesis with relation to cause-effect that could exist between the administration tax and the profitability of the investment funds. However, the results obtained by means of the use of statistical tests did not sustain the hypothesis raised in this work.
format	article
author	Flávia Zóboli Dalmácio Valcemiro Nossa
author_facet	Flávia Zóboli Dalmácio Valcemiro Nossa
author_sort	Flávia Zóboli Dalmácio
title	The Agency Theory Applied to the Investment Funds
title_short	The Agency Theory Applied to the Investment Funds
title_full	The Agency Theory Applied to the Investment Funds
title_fullStr	The Agency Theory Applied to the Investment Funds
title_full_unstemmed	The Agency Theory Applied to the Investment Funds
title_sort	agency theory applied to the investment funds
publisher	FUCAPE Business School
publishDate	2004
url	https://doaj.org/article/c2d2c64469ae4517a9d076a2baaa9cf2
work_keys_str_mv	AT flaviazobolidalmacio theagencytheoryappliedtotheinvestmentfunds AT valcemironossa theagencytheoryappliedtotheinvestmentfunds AT flaviazobolidalmacio agencytheoryappliedtotheinvestmentfunds AT valcemironossa agencytheoryappliedtotheinvestmentfunds
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The Agency Theory Applied to the Investment Funds

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