Brokerage houses historically have provided research and related services together with
order execution without separate fees. This practice of research bundling through so-called …

Purpose This study estimates the impact of changes in the mutual fund distributor incentive
structure on distributor-advised mutual fund flows. The authors employ two recent major …

The objective of this study is to take some of the mystery out of mutual fund revenue sharing,
but without being able to say investors have transparent disclosure. Topics begin with the …

IMPERFECT COMPETITON TO SSRN 4_22_13 Page 1 Electronic copy available at: http://ssrn.com/abstract=2071326
1 4/22/13 John A. Haslem is Emeritus Professor of Finance in the Robert H. Smith School of …

The first goal of this article is to review types of transparency—relative versus absolute and
positive versus normative, transparency of the SEC total expense ratio, stewardship and …

The chapter reviews important interactions between mutual funds and individual investors in
choosing equity mutual funds. An important question is why both sophisticated and …

In the ever-growing realm of fund/investment management, there are various stakeholders
involved. This paper has identified the significant factors that lead to issues coming up in the …

Currently front page news, insider trading is a topic that demands renewed attention by
traders, as well as employees with inside information about their employers. In the past few …

Abstract In conclusion, Haslem [2016] summarizes the numerous attributes and implications
of revenue sharing payments:(1) reward brokers for high and higher sales and/or asset …

For decades, the bundling of research services into commissions paid for the execution of
securities trades has been the focus of policy discussion and academic debate. The practice …