What do Consumers’ Fund Flows Maximize? Evidence from Their Brokers’ Incentives

By S. Christoffersen, Richard B. Evans, David K. Musto. 2013

232 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/25eaae9a377c5bffdf0f93f5b0035008801ffd42

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Jon Reuter
2. J. Chalmers
3. Jay R. Ritter
4. Donghang Zhang

In Finance

1. Catherine Donnelly
2. J. Chalmers
3. Jon Reuter
4. Jens Perch Nielsen
5. Alex Edmans

Citations in the corpus

• Is conflicted investment advice better than no advice? (2020, background): “Here, our research question most closely matches that of Christoffersen et al. (2013), who find that crosssectional variation in the level of broker fees helps to explain cross-sectional variation in mutual”
• Bringing cost transparency to the life annuity market (2014, background): “If an individual believes that the investment management fees are too high, then they can switch to another fund manager (Blake et al. 2013, Christoffersen et al. 2013).”
• Retail Financial Advice: Does One Size Fit All? (2015, unknown): “Brokers are also more likely to sell funds that earn them higher commissions (Christoffersen, Evans, and Musto 2013).”