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Investment Styles, Fees, & Returns Among Individually Managed & Team Managed Mutual Funds

Cehanowicz, Kendal - 2011

true benefit of the investment. Major considerations must include performance, management and fees; which ultimately … individually managed mutual funds, however studies lack this comparison of performance based on fund fees and investment objective … fees affect overall returns to the investor. Using the 2010 Center for Research in Security Prices (CRSP) database, this …

Persistent link: https://www.econbiz.de/10009450245

Client Importance and Earnings Management: The Moderating Role of Audit Committees

Sharma, Vineeta D.; Sharma, Divesh S.; … - 2011

This study provides empirical evidence on how the association between the economic importance of a client to the auditor and earnings management is moderated by the audit committee. We employ city office-level client importance fee-based measures, both performance-adjusted discretionary total...

Persistent link: https://www.econbiz.de/10009459106

Congestion Pricing in an Internet Market

Canals-Cerda, Jose - University of Colorado at Boulder - 2005

This paper analyzes a unique dataset of art auctions on eBay. We studythe behavior of buyers and sellers, demand and supply, by means of anovel structural estimation approach. Our empirical framework considersthe process of arrival of new bidders as well as the distribution ofbidder valuations...

Persistent link: https://www.econbiz.de/10009435085

Financial frictions and the wealth distribution

Fernández-Villaverde, Jesús; Hurtado López, Samuel; … - 2020

We postulate a nonlinear DSGE model with a financial sector and heterogeneous households. In our model, the interaction between the supply of bonds by the financial sector and the precautionary demand for bonds by households produces significant endogenous aggregate risk. This risk induces an...

Persistent link: https://www.econbiz.de/10012524850

Marginal tax changes with risky investment

Macnamara, Patrick; Pidkuyko, Myroslav; Rossi, Raffaele - 2021

Este trabajo utiliza un modelo de ciclo de vida para cuantificar el rol de la heterogeneidad en los rendimientos de las inversiones en la respuesta económica de unos cambios impositivos marginales. En este modelo, los agentes que son suficientemente productivos pueden obtener rendimientos más...

Persistent link: https://www.econbiz.de/10012526551

Search Costs, Demand Structure and Long Tail in ElectronicMarkets:Theory and Evidence

Ghose, Anindya; Gu, Bin - NYU Stern School of Business; University of Texas at Austin - 2006

It is well known that the Internet has significantly reduced consumers'search costs online. But relatively little is known about how searchcosts affect consumer demand structure in online markets. In this paper,we identify the impact of search costs on firm competition and marketstructure by...

Persistent link: https://www.econbiz.de/10009435104

Internet Exchanges for Used Books: An Empirical Analysis of Product Cannibalization and Welfare Impact

Ghose, Anindya; Smith, Michael D.; Telang, Rahul - 2005

Information systems and the Internet have facilitated the creation of used product markets that feature a dramatically wider selection, lower search costs, and lower prices than their brick-andmortar counterparts do. The increased viability of these used product markets has caused concern among...

Persistent link: https://www.econbiz.de/10009441245