The weight of bad governance in foreign mutual funds
Empirical studies show that mutual funds are less likely to hold poorly governed foreign stocks. This theoretical model shows that foreign mutual fund managers will optimally lower their weight of badly governed stocks because they have higher costs of actively managing these holdings than their domestic rivals.
Year of publication: |
2010
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Authors: | Wilson, Linus |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 17.2010, 12, p. 1189-1192
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Publisher: |
Taylor & Francis Journals |
Saved in:
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