Corpus ID: 168042292

Essays on Mutual Fund Governance and Corporate Governance

  title={Essays on Mutual Fund Governance and Corporate Governance},
  author={F. Sonnenburg},
This thesis comprises of three essays on mutual fund governance and corporate governance. The first essay (Kempf, Puetz, and Sonnenburg, 2013, “The Impact of Duality on Managerial Decisions and Performance: Evidence from the Mutual Fund Industry”) investigates the consequences of manager duality in the U.S. mutual fund industry, i.e., a sole leadership structure where the manager also acts as the chairman of the board. The second essay (Martin and Sonnenburg, 2015, “Managerial Ownership Changes… Expand


Mutual Fund Performance and Governance Structure: The Role of Portfolio Managers and Boards of Directors
This paper conducts a comprehensive analysis of the relation between the performance and governance structure of open-end, domestic-equity mutual funds during the 1985 to 2002 period. We show thatExpand
Disentangling Mutual Fund Governance from Corporate Governance
This Article addresses mutual fund governance, explaining how in recent years it has become entangled with the norms of corporate governance. There are two essential features of mutual funds,Expand
Corporate Governance and CEO Dominance
This article argues in support of state corporate law either prohibiting CEOs from serving as chairman of the board or from serving as directors of public companies. By limiting the ability of CEOsExpand
The Rise of Corporate Governance in Corporate Control Research
This article has two related tasks. First, we review the articles published in this Special Issue on Corporate Control, Mergers, and Acquisitions. These articles provide new evidence on severalExpand
Blockholders and Corporate Governance
This paper reviews the theoretical and empirical literature on the channels through which blockholders (large shareholders) engage in corporate governance. In classical models, blockholders exertExpand
Directors' Ownership in the U.S. Mutual Fund Industry
This paper empirically investigates directors’ ownership in the mutual fund industry. Our results show that, contrary to anecdotal evidence, a significant portion of directors hold shares in theExpand
Hedge Fund Activism, Corporate Governance, and Firm Performance
Using a large hand-collected data set from 2001 to 2006, we find that activist hedge funds in the United States propose strategic, operational, and financial remedies and attain success or partialExpand
Portfolio Manager Ownership and Fund Performance
This paper documents the range of portfolio manager ownership in the funds they manage and examines whether higher ownership is associated with improved future performance. Almost half of allExpand
What Matters in Corporate Governance?
We investigate which provisions, among a set of twenty-four governance provisions followed by the Investor Responsibility Research Center (IRRC), are correlated with firm value and stockholderExpand
Institutional Investors and Proxy Voting: The Impact of the 2003 Mutual Fund Voting Disclosure Regulation
This paper examines the impact on shareholder voting of the mutual fund voting disclosure regulation adopted by the SEC in 2003, using a paired sample of proposals submitted before and after the ruleExpand