期刊名称：International Research Journal of Finance and Economics
印刷版ISSN：1450-2887
电子版ISSN：1450-2887
出版年度：2021
卷号：182
页码：53-70
语种：English
出版社：European Journals Inc.
摘要：This paper investigates dynamic interaction between mutual fund fees, board structure, and performance. This paper provides an unbiased estimate of a structural equation model taking endogeneity into account. This paper provides an empirical assessment of the possible conflicts of interest in respect of different types of fund fee structures in the Egyptian mutual fund industry. Experimental results show a significant negative relationship between the expenses ratio and fund performance. Given the important role of mutual fund industry in Egypt, this is the first study of its kind explores the causality between fees, board structure, and performance in the mutual fund.
关键词：Mutual Funds;Conflict of interest;Asymmetric information;Corporate Governance;Structural Equation Model
