Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5090040 | Journal of Banking & Finance | 2012 | 13 Pages |
Abstract
⺠I analyze repricing decisions in the mutual fund industry. ⺠Sensitivity of investment flows to prices differs from sensitivity to performance. ⺠Investment companies strategically time changes of expense ratios. ⺠Governance quality reduces this opportunistic behavior.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Marco Navone,