Independent directors are appointed to represent the interests of mutual fund shareholders. Yet, being in the employment of fund–families, the fulfilment of fiduciary duties of independent directors may be compromised. Using a large, hand-collected dataset of over 10,000 U.S. mutual funds, we...

We study the impact of fund-families committing to the United Nations Principles for Responsible Investment on mutual fund performance in China. First, we find consistent evidence that the funds coming from signatory fund-families outperform peers from comparable non-signatory fund-families, and...

It is recognized in the literature that there is a negative relationship between fund performance and fund exit. This paper analyses the performance of 6,600 U.S. mutual funds that exited the market in the 2000 – 2014 period and nearly twice as many U.S. mutual funds that remained operational,...