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Motivations behind the Acquisition of Mutual FundsXiyu (Thomas) ZhouUniversity of Alaska Fairbanks - School of Management (SOM) Kevin C.H. ChiangUniversity of Alaska Fairbanks - School of Management (SOM); Louisiana State University, Baton Rouge - Department of Finance October 2005 Abstract: This paper studies the motivations behind mutual fund acquisitions. Results indicate that, consistent with the existing corporate mergers and acquisitions literature, a desire to seek synergy in the form of cost reduction in distribution and internal operation drives mutual fund acquisitions. In addition, acquisitions are partly driven by a desire to acquire managerial talent and a respectful performance record.
Number of Pages in PDF File: 21 Keywords: mutual fund, acquisition, synergy JEL Classification: G2, G23 working papers seriesDate posted: March 31, 2006Suggested CitationContact Information
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