Option pricing plainly depends on the probability distribution of the underlying asset return,
at least the portion of the distribution for which the option is in the money. Risk management …

There are four basic reasons why mutual fund independent directors have failed in their
roles as “shareholder watchdogs” under the Investment Company Act of 1940. The first …

The background to this study is the failure of mutual fund independent directors to fulfill their
obligations as “shareholder watchdogs,” as defined in the Investment Company Act of 1940 …

Abstract Barber, Odean, and Zheng's (2005) analysis of mutual fund front-end loads, sales
commissions, and operating expenses finds that over the past several decades ordinary …

Abstract The updated New Total Expense Ratio is designed to categorize properly each type
of mutual fund fee and expense. The purpose is to provide normative transparency of …

The first goal of this article is to review types of transparency—relative versus absolute and
positive versus normative, transparency of the SEC total expense ratio, stewardship and …

“In meeting the fiduciary standards of the Investment Company Act..., independent directors
have to focus on the investors whose interests they represent. And so the decision... whether …

The basic question that this article addresses is: Why does mutual fund advertising work?
The summation of external evidence is compatible with evidence that greater mutual fund …

With competition among the exchanges to win orders intensifying, exchanges in Europe and
the US have continued to implement market reforms and add to their services as a way to …

This study investigated association between tax-burden and mutual funds performance from
both a theoretical and an empirical perspective. The results of this study show that the …