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dc.contributor.authorMehri, Meryem*
dc.contributor.authorJouaber, Kaouther*
dc.date.accessioned2014-12-17T17:46:11Z
dc.date.available2014-12-17T17:46:11Z
dc.date.issued2014-04
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/14466
dc.language.isoenen
dc.subjectLaw and financeen
dc.subjectPolitical risken
dc.subjectCompensation feesen
dc.subjectExpense ratioen
dc.subjectIslamic mutual fundsen
dc.subjectConventional mutual fundsen
dc.subject.ddc332en
dc.subject.classificationjelK.K2.K29en
dc.subject.classificationjelG.G2.G23en
dc.subject.classificationjelG.G2.G24en
dc.titleThe Effects of Law, Culture and Political Risk: New Evidence from Mutual Fund Performance, Risk Taking and Feesen
dc.typeCommunication / Conférence
dc.description.abstractenThis paper considers an international sample of conventional and Islamic mutual funds to assess whether law, culture and political risk affect their compensation fees and expense ratio. The data are hand-collected from many sources. Overall, the results show strongly that legal conditions, culture and political risk have robust differential effects on fees. We find that Islamic mutual funds in countries with higher legal conditions receive lower fees, whereas conventional funds receive higher carried interest, lower fixed management fees and weaker expense ratio. Overall, Hoefsted culture’s measures affect significantly the fees’ structure with robust differential effects on Islamic and conventional funds. Focusing on political risk effects, we show that, in countries with higher political risk, the compensation fees and expense ratio will be higher. The components of country legality and political risk Index have significant differential effects on Islamic and conventional funds’ characteristics.en
dc.subject.ddclabelEconomie financièreen
dc.relation.conftitle11th Harvard University Forum on Islamic Financeen
dc.relation.confdate2014-04
dc.relation.confcityCambridge, MAen
dc.relation.confcountryUnited Statesen
dc.relation.forthcomingnonen
dc.description.halcandidateoui
dc.description.readershiprecherche
dc.description.audienceInternational
dc.relation.Isversionofjnlpeerreviewednon
hal.person.labIds1032*
hal.person.labIds1032*
hal.identifierhal-01525788*


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