Macro Attractiveness and Micro Decisions in the Mutual Fund Industry

1. Front Matter

   Pages i-xii

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2. General Introduction

   • Gunnar Lang

   Pages 1-9

3. Theoretical Background

   • Gunnar Lang

   Pages 11-21

4. Attractiveness of European Financial Centers

   • Gunnar Lang

   Pages 23-69

5. Evidence from Domiciliation Decisions in the Mutual Fund Industry

   • Gunnar Lang

   Pages 71-102

6. Impact of the Domiciliation Decision on Fund Fees

   • Gunnar Lang

   Pages 103-144

7. General Conclusion

   • Gunnar Lang

   Pages 145-150

8. Back Matter

   Pages 151-178

   PDF

This volume addresses the attractiveness of financial centers with a primary focus on the mutual fund industry. It uses different empirical analysis approaches in an attempt to disentangle the reasons for location attractiveness and in order to identify its influence on fund pricing. The presented research tackles an issue that is fundamental to the understanding of organizational behavior in finance – the rationale in the decision-making process of market participants and its consequences for an economy.

• Financial Centers
• Financial Crisis
• Financial Market Integration
• Location Decisions
• Mutual Funds

• Centre for European Economic Research, ZEW, Mannheim, Germany

  Gunnar Lang

Gunnar Lang is Senior Researcher at the ZEW Research Department "International Finance and Financial Management". He was a visiting researcher at Harvard Business School in 2009 and 2010. He also held a visiting position in the research unit of the United States Housing and Urban Development Department in Washington, DC in 2010. Prior to his doctoral studies, he worked for a major German bank in several divisions and for a software corporation in the business strategy unit. He holds a doctoral degree in Business Administration from the University of Stuttgart and a Diplom Volkswirt (equals MA in Economics) from Heidelberg University. He teaches in several executive education programmes.

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