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Fees on Fees in Funds of Funds
Brown, Stephen J. - 2009
Funds of funds are an increasingly popular avenue for hedge fund investment. Despite the increasing interest in hedge funds as an alternative asset class, the high degree of fund specific risk and the lack of transparency may give fiduciaries pause. In addition, many of the most attractive hedge...
Persistent link: https://www.econbiz.de/10012767775
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Do Fees Matter? Investor's Sensitivity to Active Management Fees
Døskeland, Trond; Sjuve, Andre; Ørpetveit, Andreas - 2023
The active mutual fund equilibrium model developed by Berk and Green (2004) predicts that fees should not matter for investors’ mutual fund choices. We examine how fees influence demand for active mutual funds by analyzing time variation in funds’ fees. Since investors should not pay "alpha...
Persistent link: https://www.econbiz.de/10014349767
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Who is paying all these fees? : an empirical analysis of bank account and credit card fees
Shy, Oz; Stavins, Joanna - 2022 - This version: August 2022
Banks impose a variety of account fees, and credit card issuers impose a variety of fees related to card usage. Using detailed data from a 2021 representative diary survey of US consumers, we investigate whether lower-income consumers and Black consumers are more likely to pay bank account or...
Persistent link: https://www.econbiz.de/10013465395
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A Just Fee or Just a Fee? An Examination of Credit Card Late Fees
Frank, Joshua M. - 2012
dynamics of late fee charges by constructing a database of issuer practices, to help understand how issuers set fees and finds …. The type of issuer is strongly associated with late fee charges. The single best predictor of the amount an institution … charges as a late fee is whether the issuer is a credit union. Credit unions charged a median fee of $20 compared to banks …
Persistent link: https://www.econbiz.de/10013111124
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The Impact of Reporting of Dollar Amount of Mutual Fund Fees on Fee Levels
Parida, Sitikantha - 2018
In 2004 the SEC began requiring mutual funds to include the dollar amount of fund fees in shareholders reports. Before that, funds reported returns net of fees and didn't disclose fees separately. This natural experiment allows me to study the impact of separate reporting of fees on the level of...
Persistent link: https://www.econbiz.de/10012932651
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Contestability, technology and banking
Corvoisier, Sandrine (contributor); Gropp, Reint (contributor) - 2009
Entwicklungen in Informationstechnologie beeinflussen Banken auf zwei verschiedene Arten. Erstens, Informationstechnologie kann die Kosten von Banken reduzieren, indem sie auf Papier basierende, arbeitsintensive Prozeduren automatisiert. Zweitens, sie verändert möglicherweise die Art und Weise...
Persistent link: https://www.econbiz.de/10003806195
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Tourist test or tourist trap? Unintented consequences of debit card interchange fee regulation
Bolt, Wilko; Jonker, Nicole; Plooij, Mirjam - 2013
Persistent link: https://www.econbiz.de/10010225576
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A model of the card payment system and the interchange fee
De Grauwe, Paul; Rinaldi, Laura - 2002
We analyse a card payment system to assess the economic impact of the interchange fee. This fee is paid by the bank of the merchant, the acquirer, to the bank of the consumer, the issuer. We build up a mode in order to explore whether the interchange fee can enhance the participation to the...
Persistent link: https://www.econbiz.de/10011538993
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Gates, fees, and preemptive runs
Cipriani, Marco; Martin, Antoine; McCabe, Patrick E.; … - 2014
We build a model of a financial intermediary, in the tradition of Diamond and Dybvig (1983), and show that allowing the intermediary to impose redemption fees or gates in a crisis - a form of suspension of convertibility - can lead to preemptive runs. In our model, a fraction of investors...
Persistent link: https://www.econbiz.de/10010393213
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A model of the card payment system and the interchange fee
De Grauwe, Paul; Rinaldi, Laura - 2002
We analyse a card payment system to assess the economic impact of the interchange fee. This fee is paid by the bank of the merchant, the acquirer, to the bank of the consumer, the issuer. We build up a mode in order to explore whether the interchange fee can enhance the participation to the...
Persistent link: https://www.econbiz.de/10001720377