Holding Onto Your Horses: Conflicts of Interest in Asset Management

About this item

Title

Holding Onto Your Horses: Conflicts of Interest in Asset Management

Content partner

University of Canterbury Library

Collection

UC Research Repository

Description

Racehorse trainers operate unregulated asset management businesses in which the assets owned by outside clients compete with those owned by trainers for the latter’s time, care, and attention. However, market mechanisms appear to deal effectively with the resulting agency problem in situations where it matters most. In a sample of 8,000 racehorses and their associated stables, we find that client-owned horses do indeed perform worse than their trainer-owned counterparts in small stables that ...

Read more

Format

Research paper

Research format

Journal article

Date created

2010

Creator

Boyle, G. / Guthrie, G. / Gorton, L.

URL

http://hdl.handle.net/10092/5251

Related subjects

Economics

What is the copyright status of this item?

All Rights Reserved

This item is all rights reserved, which means you'll have to get permission from University of Canterbury Library before using it.

More Information

You can learn more about the rights status of this item at: https://hdl.handle.net/10092/17651

What can I do with this item?

You must always check with University of Canterbury Library to confirm the specific terms of use, but this is our understanding:

Non-infringing use

NZ Copyright law does not prevent every use of a copyright work. You should consider what you can and cannot do with a copyright work.

No sharing

You may not copy and/or share this item with others without further permission. This includes posting it on your blog, using it in a presentation, or any other public use.

No modifying

You are not allowed to adapt or remix this item into any other works.

No commercial use

You may not use this item commercially.