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...
Main Authors: | Tufano, P, Sevick, M |
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Format: | Journal article |
Published: |
1997
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