Dishi, Elor; Gallagher, David R.; Parwada, Jerry T. - In: Accounting and Finance 47 (2007) 2, pp. 243-266
This study examines how the termination of superannuation investment mandates contributes to the departure of top fund managers in companies delegated the portfolio management role. Terminations of superannuation plan mandates increase the probability of a fund company changing the responsible...