Mutual holding companies: Evidence of conflicts of interest through disparate dividends
نویسندگان
چکیده
منابع مشابه
Competition and Conflicts of Interest the U.S. Mutual Fund Industry*
Mutual fund investors desire high risk-adjusted performance at low cost, which may not necessarily be the objective of fund families. Fund families want to maximize assets under management (i.e., their market share) and the resulting management fees. This paper studies the extent to which conflicts of interest are mitigated by competition in the mutual fund industry using the universe of U.S. m...
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ژورنال
عنوان ژورنال: Journal of Banking & Finance
سال: 2004
ISSN: 0378-4266
DOI: 10.1016/j.jbankfin.2003.06.001