This study provides empirical evidence on the role of disclosure in resolving agency conflicts
in delegated investment management. For certain expenditures, fund managers have …

Brokerage houses historically have provided research and related services together with
order execution without separate fees. This practice of research bundling through so-called …

Mutual fund advisers either expense the cost of research and other services or pay for them
with soft dollars. This study is the first to use actual soft dollar and total brokerage …

We examine several hypotheses regarding mutual-fund commission payments using data
from N-SAR filings. Consistent with an information motive, relatively active funds pay higher …

This study provides empirical evidence on the role of disclosure in resolving agency conflicts
in delegated investment management. For certain expenditures fund managers have …

MiFID II is a series of regulatory changes that impact the financial services industry. For
investment banking, it represents more than compliance and transparency rules, it changes …

摘要(中) 鈀觸媒應用於Suzuki 反應時, 金屬的電子密度愈大愈有利於催化反應中的氧化加成
作用進行. 而碳烯化合物(carbene) 是一種具有強供電子能力的配位基(ligand), 因此我們在觸媒 …

The relationship between investment managers and brokers has been identified by
regulators in Europe and the US as a potential source of conflicts of interest, with investment …

Brokerage commissions represent hidden costs to investors because commissions are not
included, nor reported, in the fund expense ratio. This paper analyzes unique fund level data …

This study provides empirical evidence on the role of disclosure in resolving agency conflicts
in delegated investment management. For certain expenditures fund managers have …