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The effect of governance mechanism and structure on fees and performance of Mutual Funds in Canada

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dc.contributor.author Singh, Deepak
dc.date.accessioned 2012-04-27T13:34:32Z
dc.date.available 2012-04-27T13:34:32Z
dc.date.issued 2012-04-27
dc.identifier.uri http://hdl.handle.net/10464/3998
dc.description.abstract Taking advantage of the unique Canadian setting, this study empirically analyzes the impact of presence of the board of directors, as an internal governance mechanism, on fees and performance of mutual funds. Further, the impact of the board structure on fees and performance of corporate class funds is analyzed. We find that corporate class funds, which have a separate board of directors for the fund, charge higher fees; however, they also provide superior performance than trust funds. Furthermore, we find that for corporate class funds, smaller board, with higher percentage of independent directors, and with the fund CEO acting as the chairman of the board is likely to charge lower fees. Also, more independent boards are strongly associated with superior fee-adjusted performance. en_US
dc.language.iso eng en_US
dc.publisher Brock University en_US
dc.subject mutual funds en_US
dc.subject governance en_US
dc.subject performance en_US
dc.subject fees en_US
dc.subject stewardship en_US
dc.title The effect of governance mechanism and structure on fees and performance of Mutual Funds in Canada en_US
dc.type Electronic Thesis or Dissertation en_US
dc.degree.name M.Sc. Management en_US
dc.degree.level Masters en_US
dc.contributor.department Faculty of Business Programs en_US
dc.degree.discipline Faculty of Business en_US


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