Board Structure and Fee-Setting in the U.S. Mutual Fund Industry
This study uses a new database to describe the composition and compensation of boards of directors of U.S. open-end mutual funds. We use these data to examine the relation between board structure and the fees charged by a fund to its shareholders. We find that shareholder fees are lower when fund bo...
| Автори: | , |
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| Формат: | Journal article |
| Опубліковано: |
1997
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