Student-managed investment funds: a review and research agenda
ISSN: 0307-4358
Article publication date: 8 June 2021
Issue publication date: 22 October 2021
Abstract
Purpose
In recent years, student-managed investment funds (SMIFs), experiential learning programs at an increasing number of universities, have attracted significant scholarly interest. In this article, we review the academic literature on this pedagogy.
Design/methodology/approach
We use the systematic review method to assess a sample of 85 articles published in 30 journals during the period 1975 to 2020.
Findings
Our literature review reveals four streams of research: best practices and challenges, investment management, innovation and trends and SMIFs in a research setting. We also propose future research directions, including specific gaps in the literature, a focus on innovations to traditional programs, systematic investment performance and expansion into behavioral finance issues.
Originality/value
We contribute a comprehensive view of the body of scholarship on SMIFs, identifying existing streams of research and future research directions that will help guide the development of SMIF research into a cohesive and productive space.
Keywords
Acknowledgements
The authors would like to thank the meticulous work of our research assistant, Meaghan Larkin. The authors are also deeply grateful to Dr. Alex Faseruk for his insightful comments on the manuscript.
Citation
Abukari, K., Oldford, E. and Willcott, N. (2021), "Student-managed investment funds: a review and research agenda", Managerial Finance, Vol. 47 No. 11, pp. 1608-1635. https://doi.org/10.1108/MF-02-2021-0080
Publisher
:Emerald Publishing Limited
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