We study compensation contracts of individual portfolio managers using hand‐collected
data of over 4,500 US mutual funds. Variations in the compensation structures are broadly …

We study the performance of equity mutual funds run by asset management divisions of
commercial banking groups using a worldwide sample. We show that bank‐affiliated funds …

Are central bank tools effective in reaching non-banks with no access to the lender-of-last-
resort facilities? Using runs on mutual funds in March 2020 as a laboratory, we show that …

The financing structure of the euro area economy has evolved since the global financial
crisis with non-bank financial intermediation taking a more prominent role. This shift affects …

This study investigates the effect of commercial bank affiliation on mutual fund trading
strategy distinctiveness. We find that bank affiliation has a significantly positive relationship …

This study analyzes the impact of commercial bank affiliation on mutual funds' timing ability.
In contrast to the findings for developed markets, affiliated funds outperform unaffiliated …

This article addresses the service of financial companies to society from the perspective of
the Catholic Social Teaching (hereinafter CST), specifically regarding conflicts of interest …

This study investigates the impact of commercial bank affiliation on mutual funds' lottery-like
characteristics. Existing literature has extensively explored the benefits or costs of …

We use data from 33 countries to study how a fund's affiliation with large families shapes the
flow–performance relationship internationally. Our results show that the effect of family size …

Underwriters and co-managers play an important role in IPOs, but because they often have
affiliated mutual funds, concerns about conflicts of interest can arise. On the one hand, they …