scholarly journals Value Effect in Indonesian Stock Returns: The Implications for the Equity Mutual Fund Industry

2015 ◽  
Vol 7 (1) ◽  
Author(s):  
Samuel Kristianto Utomo ◽  
Kevin Antony Tjandra
Keyword(s):  
Stock Returns ◽  
Mutual Fund ◽  
Fund Industry ◽  
Mutual Fund Industry ◽  
Value Effect ◽  
Equity Mutual Fund

Does Skin in the Game Matter? Director Incentives and Governance in the Mutual Fund Industry

2009 ◽  
Vol 44 (6) ◽  
pp. 1345-1373 ◽  
Author(s):  
Martijn Cremers ◽  
Joost Driessen ◽  
Pascal Maenhout ◽  
David Weinbaum
Keyword(s):  
Significant Role ◽  
Private Information ◽  
Mutual Fund ◽  
Fund Performance ◽  
Incentive Structure ◽  
Future Performance ◽  
Economic Mechanisms ◽  
Fund Industry ◽  
Mutual Fund Industry ◽  
Equity Mutual Fund

AbstractWe use a unique database on ownership stakes of equity mutual fund directors to analyze whether the directors’ incentive structure is related to fund performance. Ownership of both independent and nonindependent directors plays an economically and statistically significant role. Funds in which directors have low ownership, or “skin in the game,” significantly underperform. We posit two economic mechanisms to explain this relation. First, lack of ownership could indicate a director’s lack of alignment with fund shareholder interests. Second, directors may have superior private information on future performance. We find evidence in support of the first and against the second mechanism.

What Drives Market Share in the Mutual Fund Industry?

CFA Digest ◽  
2012 ◽  
Vol 42 (2) ◽  
pp. 106-107
Author(s):  
Sadaf Aliuddin
Keyword(s):  
Market Share ◽  
Mutual Fund ◽  
Fund Industry ◽  
Mutual Fund Industry
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