Broker Incentives and Mutual Fund Market Segmentation
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We study the impact of investor heterogeneity on mutual fund market segmentation. To motivate our empirical analysis, we make two assumptions. First, some investors inherently value broker services. Second, because brokers are only compensated when they sell mutual funds, they have little incentive
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美国国家经济研究局创建时间：
2010-08-01
