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How Does Simplified Disclosure Affect Individuals' Mutual Fund Choices?

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NBER2009-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14859
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We use an experiment to estimate the effect of the SEC's Summary Prospectus, which simplifies mutual fund disclosure. Our subjects chose an equity portfolio and a bond portfolio. Subjects received either statutory prospectuses or Summary Prospectuses. We find no evidence that the Summary Prospectus
创建时间:
2009-04-01
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