Essec\Faculty\Model\Contribution {#2233
  #_index: "academ_contributions"
  #_id: "15065"
  #_source: array:26 [
    "id" => "15065"
    "slug" => "fee-structure-and-mutual-fund-choice-an-experiment"
    "yearMonth" => "2019-02"
    "year" => "2019"
    "title" => "Fee structure and mutual fund choice: An experiment"
    "description" => "ANUFRIEV, M., BAO, T., SUTAN, A. et TUINSTRA, J. (2019). Fee structure and mutual fund choice: An experiment. <i>Journal of Economic Behavior & Organization</i>, 158, pp. 449-474."
    "authors" => array:4 [
      0 => array:3 [
        "name" => "SUTAN Angela"
        "bid" => "B00819527"
        "slug" => "sutan-angela"
      ]
      1 => array:1 [
        "name" => "Anufriev Mikhail"
      ]
      2 => array:1 [
        "name" => "Bao Te"
      ]
      3 => array:1 [
        "name" => "Tuinstra Jan"
      ]
    ]
    "ouvrage" => ""
    "keywords" => []
    "updatedAt" => "2024-09-09 10:25:30"
    "publicationUrl" => "https://doi.org/10.1016/j.jebo.2018.12.013"
    "publicationInfo" => array:3 [
      "pages" => "449-474"
      "volume" => "158"
      "number" => ""
    ]
    "type" => array:2 [
      "fr" => "Articles"
      "en" => "Journal articles"
    ]
    "support_type" => array:2 [
      "fr" => "Revue scientifique"
      "en" => "Scientific journal"
    ]
    "countries" => array:2 [
      "fr" => "Pays-Bas"
      "en" => "Netherlands"
    ]
    "abstract" => array:2 [
      "fr" => "We present a laboratory experiment designed to investigate the effect of the fee structure on mutual fund choice. We find that subjects tend to ignore periodic and small operating expenses fees and base their decisions on gross, instead of net, returns. A fee in the form of a, much larger, front-end load leads to lock-in into one of the funds. It is used by some subjects as a commitment device, but exacerbates the decision errors of other subjects. Although past returns do not convey information about future returns, return chasing helps explain subjects’ behavior."
      "en" => "We present a laboratory experiment designed to investigate the effect of the fee structure on mutual fund choice. We find that subjects tend to ignore periodic and small operating expenses fees and base their decisions on gross, instead of net, returns. A fee in the form of a, much larger, front-end load leads to lock-in into one of the funds. It is used by some subjects as a commitment device, but exacerbates the decision errors of other subjects. Although past returns do not convey information about future returns, return chasing helps explain subjects’ behavior."
    ]
    "authors_fields" => array:2 [
      "fr" => "Droit "
      "en" => "Business Law"
    ]
    "indexedAt" => "2024-12-21T16:21:43.000Z"
    "docTitle" => "Fee structure and mutual fund choice: An experiment"
    "docSurtitle" => "Articles"
    "authorNames" => "<a href="/cv/sutan-angela">SUTAN Angela</a>, Anufriev Mikhail, Bao Te, Tuinstra Jan"
    "docDescription" => "<span class="document-property-authors">SUTAN Angela, Anufriev Mikhail, Bao Te, Tuinstra Jan</span><br><span class="document-property-authors_fields">Droit </span> | <span class="document-property-year">2019</span>"
    "keywordList" => ""
    "docPreview" => "<b>Fee structure and mutual fund choice: An experiment</b><br><span>2019-02 | Articles </span>"
    "docType" => "research"
    "publicationLink" => "<a href="https://doi.org/10.1016/j.jebo.2018.12.013" target="_blank">Fee structure and mutual fund choice: An experiment</a>"
  ]
  +lang: "fr"
  +"_type": "_doc"
  +"_score": 8.758286
  +"parent": null
}