Mutual funds withdraw shield: performance or agency costs driver?
In this paper, using a unique database, we compare the performance of a set of equity mutual funds to a set of equity savings funds, which are similar to equity mutual funds in all but one characteristic: the tax regime that strongly penalizes withdrawals from equity savings funds. We found evidence...
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| Format: | article |
| Language: | eng |
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2014
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| Online Access: | http://hdl.handle.net/10198/10348 |
| Country: | Portugal |
| Oai: | oai:bibliotecadigital.ipb.pt:10198/10348 |