Is There Information in Corporate Acquisition Plans?

S Gokkaya, X Liu, RM Stulz - 2024 - nber.org
For many firms, the acquisition process begins with the development of an acquisition plan
that is communicated to investors. We construct a comprehensive sample of acquisition …

Customers as friendly shareholders: Uncovering the complex mutual fund-broker relationship

N Kumar, Y Tang, KD Wei - Management Science, 2024 - pubsonline.informs.org
This paper examines mutual funds' dual role as both clients and shareholders of broker
banks. Mutual funds are more likely to hold and significantly overweight stocks of their …

Assessing the Performance of ESG Mutual Funds and Traditional Funds in Emerging Economies

AS Aparna, M Moni, V Sreeraj… - ESG Frameworks for …, 2024 - igi-global.com
This study investigates the performance of Environmental, Social, and Governance (ESG)
mutual funds compared to conventional funds in the Indian financial market. The objective is …

MiFID II Research Unbundling: Cross-border Impact on Asset Managers

RB Evans, JP Gomez, R Zambrana - Available at SSRN, 2023 - papers.ssrn.com
MiFID II requires EU investment advisors to" unbundle" research costs from execution fees.
We find evidence that this unbundling for EU funds is accompanied by an increase in …

The Role of Reputation in Financial Markets: The Impact of Broker Dark Pool Scandals on Institutional Order Routing

RH Battalio, SA Corwin, RH Jennings… - Available at SSRN …, 2023 - papers.ssrn.com
Over the past decade, several brokers have been fined for making misrepresentations to
institutional investors about how their dark pools operated. Using hand-collected …