{"product_id":"the-mutual-fund-industry-competition-and-investor-welfare-9780231151825","title":"The Mutual Fund Industry: Competition and Investor Welfare","description":"\u003cp\u003eMutual funds form the bedrock of retirement savings in the United States, and, considering their rapid growth, are sure to be more critical in the future. Because the size of fees paid by investors to mutual fund advisers can strongly affect the return on investment, these fees have become a contentious issue in Congress and the courts, with many arguing that investment advisers grow rich at the expense of investors. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eThis ground-breaking book not only conceptualizes a new economic model of the mutual fund industry, but also uses this model to test for price competition between investment advisers, evaluating the assertion that market forces fail to protect investors' returns from excessive fees. Highly experienced authors track the growth of the industry over the past twenty-five years and present arguments and evidence both for and against theories of adviser malfeasance. The authors review the regulatory history of mutual fund fees and summarize leading case decisions addressing excessive fees. \u003cp\u003e\u003c\/p\u003eRevealing the extent to which the governance structure of mutual funds truly impacts fund performance, this book provides the best understanding of today's mutual fund industry and is a vital tool for investors, money managers, fund directors, securities lawyers, economists, and anyone concerned with the regulation of mutual funds.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e R. Glenn Hubbard,Michael Koehn,Stanley Ornstein\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Columbia Business School Publishing\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/01\/2010\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 256\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.10lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.10h x 6.10w x 1.00d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780231151825\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eR. Glenn Hubbard is dean of Columbia Business School and the Russell L. Carson Professor of Economics and Finance. He was chairman of the President's Council of Economic Advisers from 2001 to 2003 and has published more than one hundred articles on investing, banking, energy economics, and public policy. With William Duggan, he is the author of \u003ci\u003eThe Aid Trap: Hard Truths About Ending Poverty\u003c\/i\u003e. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eMichael F. Koehn is cofounder and affiliate of Analysis Group, Inc. and specializes in applied microeconomics and finance. His publications concern banking, finance, energy economics, and real estate. He is a coauthor of \u003ci\u003eThe Economics of Mutual Fund Markets: Competition Versus Regulation\u003c\/i\u003e and has taught at the Graduate School of Management, University of California, Irvine. \u003cp\u003e\u003c\/p\u003eStanley I. Ornstein is vice president of Analysis Group, Inc. He specializes in applied microeconomics and industrial economics and their applications to issues of competition and regulation. His numerous publications tackle market structure and performance, advertising and competition, exclusive dealing and resale price maintenance, and competition in various industries. \u003cp\u003e\u003c\/p\u003eMarc Van Audenrode is a managing principal of Analysis Group, Inc. and a specialist in labor economics, antitrust, econometrics, and public economics. His publications appear in numerous economic journals, and he is a frequent presenter at industry and academic conferences. \u003cp\u003e\u003c\/p\u003eJimmy Royer is a vice president of Analysis Group, Inc. and specializes in econometrics, antitrust, financial economics, and labor economics. He has taught at the Université Laval and the Université de Sherbrooke, and his research and publications cover such topics as limit entry pricing, investment valuation, wage flexibility, and unemployment compensation.\u003cbr\u003e","brand":"Columbia Business School Publishing","offers":[{"title":"Hardcover","offer_id":44087022420083,"sku":"9.78023E+12","price":34.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/files\/img_9fb47b7a-3fc8-4b0e-9885-3b4612a34878.jpg?v=1763124106","url":"https:\/\/bookstorenmore.com\/en-de\/products\/the-mutual-fund-industry-competition-and-investor-welfare-9780231151825","provider":"Bookstore N More","version":"1.0","type":"link"}