Commissions-motivated agents have historically helped the development of many markets,
but research suggests brokers motivated by commissions sometimes steer consumers …

Purpose This study estimates the impact of changes in the mutual fund distributor incentive
structure on distributor-advised mutual fund flows. The authors employ two recent major …

In the wake of historic levels of mortgage defaults, regulators have debated how to regulate
certain high‐risk loans because of the risks of foreclosure involved. This study examines …

Mutual fund companies typically charge investors distribution fees, such as 12b-1 fees in the
United States, which they then use to pay commissions to brokers. We evaluate a major …

Mutual fund companies typically charge investors distribution fees, such as 12b-1 fees in the
United States, which they then use to pay commissions to brokers. We evaluate a major …