JOURNAL OF ACCOUNTING AND FINANCE
Student-Managed Investment Funds: An Exploratory Study of a Model That Works
Author(s): Clarence H. Barnes, Paul F. Buller
Citation: Clarence H. Barnes, Paul F. Buller, (2021) "Student-Managed Investment Funds: An Exploratory Study of a Model That Works," Journal of Accounting and Finance, Vol. 21, ss. 1, pp. 92-104
Article Type: Research paper
Publisher: North American Business Press
Abstract:
Student Managed Investment Funds (SMIF), an experiential approach to learning about portfolio theory and practice, are increasingly prevalent in financial education in business schools (Boughton & Jackson, 2019). However, there is very little empirical evidence regarding the determinants of SMIF financial performance. Following a review of the literature, this paper presents an exploratory study of Gonzaga University’s SMIF model and results compared to nineteen other schools in a regional competition. The results suggest that SMIFs using a class structure and spanning more than one semester outperform those that do not. Implications for future SMIF research and practice are discussed.