This monograph reviews the academic literature that analyzes securities regulation from an
economic perspective. It begins by describing the institutional foundations of securities law …

Brokerage houses historically have provided research and related services together with
order execution without separate fees. This practice of research bundling through so-called …

This paper provides in-depth discussion of important issues related to mutual fund
distribution. The first two topics are fund distribution channel characteristics and Rule 12b-1 …

In brief, mutual fund bundling services under soft-dollar arrangements may benefit
shareholders. However, it is also possible shareholder capital is wasted through these …

IMPERFECT COMPETITON TO SSRN 4_22_13 Page 1 Electronic copy available at: http://ssrn.com/abstract=2071326
1 4/22/13 John A. Haslem is Emeritus Professor of Finance in the Robert H. Smith School of …

While methodologies to measure the alignment of a financial portfolio with climate objectives
develop rapidly, historical and cross-sectional analysis of greenhouse gas emissions …

Africa is one of the last geographic frontiers for private equity investors: a virgin emerging
market. With 613 million people and an average growth rate nearing 4%, it is a continent of …

The first goal of this article is to review types of transparency—relative versus absolute and
positive versus normative, transparency of the SEC total expense ratio, stewardship and …

MiFID II is a series of regulatory changes that impact the financial services industry. For
investment banking, it represents more than compliance and transparency rules, it changes …

The research provides the mutual fund Total Cost Construct that would provide “normative
transparency of disclosure" to shareholders if adopted by the fund industry and by the SEC …