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Massimo Massa
Professor of Finance
Journal Article
Massa M., Wang C., Zhang H., Zhang J. (2022). Investing in Low-Trust Countries: On the Role of Social Trust in the Global Mutual Fund Industry Journal of Financial and Quantitative Analysis, 57(1), pp. 240-290.
The authors hypothesize that social trust, in mitigating contracting incompleteness, may have an important effect on the activeness and effectiveness of delegated portfolio management.