Plausibly Exogenous [1461] - Peer Benchmarking (02/01/2024)
LHS Variable
Asset prices
RHS Variable
Peer benchmarking by institutional investors
Source of Exogenous Variation
Natural experiment involving a change in a government-imposed under-performance penalty applicable to Colombian pension funds
- Acharya and Pedraza (2015), “Asset Price Effects of Peer Benchmarking: Evidence from a Natural Experiment”