Chen, Qi (contributor); Goldstein, Itay (contributor); … - 2006
, ownership patterns are broadly consistent with the an optimal-contracting equilibrium. That is, ownership is positively and … Kacperczyk, Sialm, and Zheng (2006) vary from fund to fund, and are strongly persistent at the fund
level), and on the costs … interests of the principal. Examples of investor-manager
conflicts in mutual funds are provided by Mahoney (2004) and Tkac (2004 …