Unit Trust Fund's Initial Service Charge And Its Determinants
This paper examines the variables that might explain the initial service charge (ISC) imposed on unit-holders of Malaysian unit trust funds in the year 1999. By using 39 openend unit trust funds, customer service and board structure variables are found to have a significant effect in explaining th...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Asian Academy of Management (AAM)
2006
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| Subjects: | |
| Online Access: | http://eprints.usm.my/35941/1/AAMJ_11-2-2.pdf |
| _version_ | 1825833374081613824 |
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| author | Hiau Abdullah, Nur Adiana Wong , Woei Chyuan |
| author_facet | Hiau Abdullah, Nur Adiana Wong , Woei Chyuan |
| author_sort | Hiau Abdullah, Nur Adiana |
| collection | USM |
| description | This paper examines the variables that might explain the initial service charge (ISC)
imposed on unit-holders of Malaysian unit trust funds in the year 1999. By using 39 openend unit trust funds, customer service and board structure variables are found to have a
significant effect in explaining the variations of ISC. Financial performance variables do
not seem to have any influence on the level of ISC charged to the unit-holders. Our
results also showed that funds which charged higher ISC do not necessarily provide
higher returns to investors. Furthermore, there are unit trust funds that are having an
initial service charge beyond the maximum 10% level required by the Securities
Commissions or did not fulfil the independent directors requirement. |
| first_indexed | 2024-03-06T15:06:52Z |
| format | Article |
| id | usm.eprints-35941 |
| institution | Universiti Sains Malaysia |
| language | English |
| last_indexed | 2024-03-06T15:06:52Z |
| publishDate | 2006 |
| publisher | Asian Academy of Management (AAM) |
| record_format | dspace |
| spelling | usm.eprints-359412017-08-04T07:54:19Z http://eprints.usm.my/35941/ Unit Trust Fund's Initial Service Charge And Its Determinants Hiau Abdullah, Nur Adiana Wong , Woei Chyuan HD28-70 Management. Industrial Management This paper examines the variables that might explain the initial service charge (ISC) imposed on unit-holders of Malaysian unit trust funds in the year 1999. By using 39 openend unit trust funds, customer service and board structure variables are found to have a significant effect in explaining the variations of ISC. Financial performance variables do not seem to have any influence on the level of ISC charged to the unit-holders. Our results also showed that funds which charged higher ISC do not necessarily provide higher returns to investors. Furthermore, there are unit trust funds that are having an initial service charge beyond the maximum 10% level required by the Securities Commissions or did not fulfil the independent directors requirement. Asian Academy of Management (AAM) 2006 Article PeerReviewed application/pdf en http://eprints.usm.my/35941/1/AAMJ_11-2-2.pdf Hiau Abdullah, Nur Adiana and Wong , Woei Chyuan (2006) Unit Trust Fund's Initial Service Charge And Its Determinants. Asian Academy of Management Journal (AAMJ), 11 (2). pp. 1-15. ISSN 1394-2603 http://web.usm.my/aamj/11.2.2006/AAMJ%2011-2-2.pdf |
| spellingShingle | HD28-70 Management. Industrial Management Hiau Abdullah, Nur Adiana Wong , Woei Chyuan Unit Trust Fund's Initial Service Charge And Its Determinants |
| title | Unit Trust Fund's Initial Service Charge And
Its Determinants |
| title_full | Unit Trust Fund's Initial Service Charge And
Its Determinants |
| title_fullStr | Unit Trust Fund's Initial Service Charge And
Its Determinants |
| title_full_unstemmed | Unit Trust Fund's Initial Service Charge And
Its Determinants |
| title_short | Unit Trust Fund's Initial Service Charge And
Its Determinants |
| title_sort | unit trust fund s initial service charge and its determinants |
| topic | HD28-70 Management. Industrial Management |
| url | http://eprints.usm.my/35941/1/AAMJ_11-2-2.pdf |
| work_keys_str_mv | AT hiauabdullahnuradiana unittrustfundsinitialservicechargeanditsdeterminants AT wongwoeichyuan unittrustfundsinitialservicechargeanditsdeterminants |