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Pascal Maenhout
Associate Professor of Finance
Journal Article
Maenhout P., Cremers M., Driessen J., Weinbaum D. (2009). Does Skin in the Game Matter? Director Incentives and Governance in the Mutual Fund Industry Journal of Financial and Quantitative Analysis, 44(6), pp. 1345-1373.
The authors use a unique database on ownership stakes of equity mutual fund directors to analyze whether the directors’ incentive structure is related to fund performance.