Seminar Series

2022 - 2023

Speaker: Vikas Agarwal (Georgia State University).

Title: “Birth order and fund manager's trading behavior:

Role of sibling rivalry”.

joint with Alexander Cochardt and Vitaly Orlov (both University of St. Gallen).

Date: Thursday, June 29th at 12h30 (Paris Time).

Abstract:  This paper investigates the role of birth order on managerial behavior using rich data on familial background of US mutual fund managers. We find that managers who are born later in the sibling hierarchy take on more investment risks relative to first-born managers, but perform worse. Motivated by sensation seeking, later-born managers take extreme style bets, hold more lottery stocks, and report more civil and regulatory violations compared to lower-birth-order managers. Taken together, our findings suggest that birth order-induced sensation seeking tendencies originate from sibling rivalry for limited parental resources during childhood, shape trading behavior, and extend beyond portfolio management.

Here is, a link to the speaker’s and the FEELab website:

https://sites.google.com/view/vikasagarwal

https://sites.google.com/view/feelabtbs/

You are cordially invited to participate in the following seminar of the FEELab, which will take place in Room 204, Bosco building.

For more information, please contact: Pierre Mella-Barral p.mella-barral@tbs-education.fr