The revelations of major scandals in the mutual funds industry brought intense feelings of betrayal and financial loss to millions of fund shareholders whose assets were improperly and illegally appropriated. Shareholders need and deserve much greater protection and transparency of normative...

The literature has been unable to provide a definitive model of the sources and nature of mutual fund scale economies and diseconomies. This study provides findings on the nature and sources of fund economies and diseconomies with respect to expenses, size, performance, trading, and numerous...

Movie Time: One way to describe the impending threat of is to use the 1930s MGM color movie, Adventures of Robin Hood, as a metaphor. Here goes. The good guys (mutual funds) outside the castle are trying to rescue the good guys (former fund shareholders) imprisoned by the EFT guys within the...

The PDF file includes the forthcoming book's table of content. When the financial history of the United States is written, one chapter will necessarily be dedicated to mutual funds. This industry has been and continues to be one of the extraordinary growth stories in the history of American...

The first goal is to review types of transparency -- relative versus absolute and positive versus normative, transparency of the SEC total expense ratio, stewardship and transparency, movement towards normative transparency, and future transparency. As severally defined by Haslem, “Normative...

There is need to increase understanding of the positive aspects of individual investor behavior due to the large numbers involved, the institutionalization of the stock markets, and the failure of normative valuation models. This study is a preliminary regional investigation and comparison of...

The purpose of this 24 chapter course book is to provide an introductory foundation in corporation finance. Numerous topics are covered to provide coordinated views of many aspects of finance.Topics relate to areas of educational or vocational specialization for students, scholars, and...

First, this study reviews Morningstar analytical grading measures used by investors to choose mutual funds. These measures include Morningstar Star Ratings, Analyst Ratings, Total Pillar Ratings, Upside and Downside Capture Ratios, and Stewardship Ratings. Second, the study provides results of...

The purpose of this chapter is to review interactions between mutual funds and individual investors in choosing equity mutual funds. Probably the largest question is why both sophisticated and unsophisticated investors persist in investing in actively managed funds that generally result in...