GLOBAL CORPORATE GOVERNANCE ISSUES IN MUTUAL FUNDS: A SELECT COUNTRY WISE STUDY

Gudimetla Venkata Satya Sekhar

《Advances in Investment Analysis and Portfolio Management》 9期 (2019/12) Pp. 1-13

https://doi.org/10.6291/AIAPM.201912_9.0001

摘要

Investors are facing severe losses due to lack of good corporate governance in mutual fund industry. There is a need for protection of investors, which can be done by a strict government policy on the regulation of mutual funds. The corporate governance of mutual fund organizations (MFOs) in developing economies is important for several reasons. First, MFOs have an overwhelmingly dominant position in developing-economy financial systems, and are extremely important engines of economic growth. Second, MFOs are typically the most important source of finance for the majority of firms. Third, MFOs provide a generally accepted means of payment, and they are usually treated as the main depository for the economy's savings. The regulatory mechanism varies according to the policy of concerned country. Hence, this study is intended to focus on the following objectives: (1) To elicit experts' opinions on the status of corporate governance mechanism in global mutual fund industry; (2) To examine the role of corporate governance for investors protection across selected countries; (3) To understand the fund manager's style to protect investments and enhance performance of mutual fund.

關鍵字

Corporate Governance ； Mutual Funds ； Asset Management ； Financial Markets

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