An Analysis of the Determinants and Shareholder Wealth Effects of Mutual Fund Mergers

@inproceedings{Jayaraman2001AnAO,
  title={An Analysis of the Determinants and Shareholder Wealth Effects of Mutual Fund Mergers},
  author={Narayanan Jayaraman and AJAY KHORANA and Edward F Nelling},
  year={2001}
}
This study examines the determinants of mutual fund mergers and their subsequent wealth impact on shareholders of target and acquiring funds. Results indicate significant improvements in post-merger performance and a reduction in expense ratios for target fund shareholders. In contrast, acquiring fund shareholders experience a significant deterioration in… CONTINUE READING