Answers are grounded in this paper and cite their sources.
(1988). Do Mutual Fund Managers Who Use Incentive Compensation Outperform Those Who Don’t? Financial Analysts Journal: Vol. 44, No. 6, pp. 75-78.
No takes yet. Share an insight, caveat, or question.
Joseph H. Golec (1988) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: