Open Access. Powered by Scholars. Published by Universities.®
- Discipline
- Keyword
Articles 1 - 2 of 2
Full-Text Articles in Business
Mutual Funds’ Soft Dollar Arrangements: Determinants, Impact On Shareholder Wealth, And Relation To Governance, Yaman Ö. Erzurumlu, Vladimir Kotomin
Mutual Funds’ Soft Dollar Arrangements: Determinants, Impact On Shareholder Wealth, And Relation To Governance, Yaman Ö. Erzurumlu, Vladimir Kotomin
Faculty Publications - Finance, Insurance, and Law
Mutual fund advisers either expense the cost of research and other services or pay for them with soft dollars. This study is the first to use actual soft dollar and total brokerage commission figures for a large number of funds and to examine how soft dollars are linked to mutual fund governance. Employing a survivorship bias-free sample of actively managed US mutual funds, we find that higher soft dollar and total brokerage commissions are associated with higher advisory fees but not with higher risk-adjusted fund returns. These findings suggest that mutual fund shareholders, on average, do not benefit from the …
A Formative Evaluation Of The Bloomington-Normal Entrepreneurial Ecosystem, Emily Rego
A Formative Evaluation Of The Bloomington-Normal Entrepreneurial Ecosystem, Emily Rego
Capstone Projects – Politics and Government
This study serves as a formative evaluation of the Bloomington-Normal-McLean County, IL region’s entrepreneurial ecosystem, which the development thereof is a tactical strategy outlined in the recently created Bloomington-Normal economic development plan (also known as BN Advantage). An entrepreneurial ecosystem is a network comprising of entrepreneurs, supporting organizations and entities such as investors, governments, universities and various other organizations with a focus on economic development. Vibrant entrepreneurial ecosystems strengthen local entrepreneurial capacity, which then spurs economic development through job creation and growth, economic diversity and increasing a region’s competitive advantage. The methodology of this study involved combining qualitative and quantitative …