Jayaraman, Narayanan; Khorana, Ajay; Nelling, Edward - In: Journal of Finance 57 (2002) 3, pp. 1521-1551
This study examines the determinants of mutual fund mergers and their subsequent wealth impact on shareholders of target and acquiring funds. Results indicate significant improvements in postmerger performance and a reduction in expense ratios for target fund shareholders. In contrast, acquiring...