We examine a sample of 125 equity mutual funds that closed to new investment between 1993 and 2004. We find that funds close following a period of superior performance and abnormal fund inflows. Fund managers raise their fees when they close to compensate managers for losses in income due to the...

We examine a sample of 125 equity mutual funds that closed to new investment between 1993 and 2004. We find that funds close following a period of superior performance and abnormal fund inflows. Fund managers raise their fees when they close to compensate managers for losses in income due to the...

"The Short Introduction to Corporate Finance provides an accessibly-written guide to contemporary financial institutional practice. Rau deploys both his professional expertise and experience of teaching MBA and graduate- level courses to produce a lively discussion of the key concepts of...

The Short Introduction to Corporate Finance provides an accessibly written guide to contemporary financial institutional practice. Rau deploys both his professional expertise and experience of teaching MBA and graduate-level courses to produce a lively discussion of the key concepts of finance,...

Chapter 1. An Overview of Technologically Enabled Finance -- Chapter 2. Innovations in Alternative Finance in Historical Perspective -- Chapter 3. A Layman’s Guide to Bitcoin and Blockchain -- Chapter 4. An Introduction to Cryptocurrencies -- Chapter 5. The Role of Utopia in the Workings of...