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...
| Главные авторы: | , , |
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| Формат: | Conference item |
| Опубликовано: |
2004
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Board Structure, Mergers and Shareholder Wealth: A Study of the Mutual Fund Industry
Опубликовано 2007
Journal article