Board structure, mergers, and shareholder wealth: a study of the mutual fund industry
We study mutual fund mergers between 1999 and 2001 to understand the role and effectiveness of fund boards. Some fund mergers—typically across-family mergers—benefit target shareholders but are costly to target fund directors. Such mergers are more likely when funds underperform and their boards hav...
| Những tác giả chính: | , , |
|---|---|
| Định dạng: | Conference item |
| Được phát hành: |
2004
|