The paper provides an empirical investigation of directors' ownership in the mutual fund industry. Our results show that, contrary to anecdotal evidence, a significant portion of directors hold shares in the funds they oversee. Moreover, ownership patterns are broadly consistent with the an...

The paper provides an empirical investigation of directors' ownership in the mutual fund industry. Our results show that, contrary to anecdotal evidence, a significant portion of directors hold shares in the funds they oversee. Moreover, ownership patterns are broadly consistent with the...

Research has consistently demonstrated that shared leadership produces a wide range of positive outcomes. These studies, however, generally are about teams working in normal circumstances, and it is not clear whether and how shared leadership may bring benefits to the teams working in...