Director Ownership in the U.S. Mutual Fund Industry

2005 ◽  
Author(s):  
Qi Chen ◽  
Itay Goldstein ◽  
Wei Jiang
Keyword(s):  
Mutual Fund ◽  
Fund Industry ◽  
Mutual Fund Industry ◽  
Director Ownership ◽  
The U.S

scholarly journals Portfolio Manager Compensation in the U.S. Mutual Fund Industry

2012 ◽  
Author(s):  
Linlin Ma ◽  
Yuehua Tang ◽  
Juan-Pedro Gomez
Keyword(s):  
Mutual Fund ◽  
Portfolio Manager ◽  
Fund Industry ◽  
Mutual Fund Industry ◽  
Manager Compensation ◽  
The U.S

Exit Decisions in the U.S. Mutual Fund Industry

2005 ◽  
Vol 78 (4) ◽  
pp. 1365-1402 ◽  
Author(s):  
Xinge Zhao
Keyword(s):  
Mutual Fund ◽  
Fund Industry ◽  
Mutual Fund Industry ◽  
Exit Decisions ◽  
The U.S

scholarly journals Risks and Vulnerabilities in the U.S. Bond Mutual Fund Industry

2021 ◽  
Vol 2021 (109) ◽  
pp. 1
Author(s):  
Antoine Bouveret ◽  
Jie Yu
Keyword(s):  
Mutual Fund ◽  
Fund Industry ◽  
Mutual Fund Industry ◽  
The U.S

Exit Decisions in the U.S. Mutual Fund Industry

2003 ◽  
Author(s):  
Xinge Zhao
Keyword(s):  
Mutual Fund ◽  
Fund Industry ◽  
Mutual Fund Industry ◽  
Exit Decisions ◽  
The U.S

scholarly journals Portfolio Manager Compensation in the U.S. Mutual Fund Industry

2019 ◽  
Vol 74 (2) ◽  
pp. 587-638 ◽  
Author(s):  
LINLIN MA ◽  
YUEHUA TANG ◽  
JUAN‐PEDRO GÓMEZ
Keyword(s):  
Mutual Fund ◽  
Portfolio Manager ◽  
Fund Industry ◽  
Mutual Fund Industry ◽  
Manager Compensation ◽  
The U.S

Board structure and fee-setting in the U.S. mutual fund industry

1997 ◽  
Vol 46 (3) ◽  
pp. 321-355 ◽  
Author(s):  
P TUFANO ◽  
M SEVICK
Keyword(s):  
Mutual Fund ◽  
Board Structure ◽  
Fund Industry ◽  
Mutual Fund Industry ◽  
The U.S

An Empirical Examination of Mutual Fund Boards

2019 ◽  
Vol 09 (04) ◽  
pp. 1950015
Author(s):  
Felix Meschke
Keyword(s):  
Mutual Fund ◽  
Fund Performance ◽  
Independent Directors ◽  
Board Independence ◽  
Empirical Examination ◽  
Board Characteristics ◽  
Fund Industry ◽  
Mutual Fund Industry ◽  
Fund Governance ◽  
Director Ownership

This paper examines how board independence and director incentives in the mutual fund industry affect fund expenses, performance, and compliance. It is based on a hand-collected panel dataset of mutual fund governance characteristics from 1995 through 2004, which covers about 60% of assets listed in the CRSP mutual fund database. The results show that funds overseen by an independent chair charge fees that are 12 basis points lower and that the fraction of independent directors is associated with higher fees during the earlier part of the sample and with lower fees during the latter part. Both measures of board independence are associated with lower fund performance, although funds with higher director ownership and lower unexplained compensation charge lower fees and deliver higher returns. Fund board characteristics do not seem to affect the likelihood of litigation by regulators and shareholders. These results suggest that fund investors do not necessarily benefit from greater board independence if boards negotiate low fees without closely evaluating fund performance. In contrast, higher director ownership and relatively low compensation seem to align incentives between fund boards and investors.

scholarly journals A Comparison between the European and the U.S. Mutual Fund Industry

1999 ◽  
Author(s):  
Roger Otten ◽  
Mark Schweitzer
Keyword(s):  
Mutual Fund ◽  
Fund Industry ◽  
Mutual Fund Industry ◽  
The U.S
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