MUTUAL VERSUS PROPRIETARY OWNERSHIP: AN EMPIRICAL STUDY FROM THE UK UNIT TRUST INDUSTRY WITH A COMPANY-PRODUCT MEASURE

Autor:	Yoshikatsu Shinozawa
Rok vydání:	2010
Předmět:	Economics and Econometrics Sociology and Political Science business.industry Accounting Product characteristics Empirical research Unit trust Generating unit Economics Product measure Product (category theory) business Performance metric Financial services
Zdroj:	Annals of Public and Cooperative Economics. 81:247-280
ISSN:	1467-8292 1370-4788
DOI:	10.1111/j.1467-8292.2010.00411.x
Popis:	**: In the debate of the relative merits of differing ownership forms, most empirical studies examine either corporate performance or the product characteristics of the financial products that are available in the financial services industry. Based on the UK unit trust industry, this paper assesses which ownership form, mutual or proprietary is more efficient in managing unit trust operations and providing high return generating unit trusts. Using a combined corporate performance and product range performance metric, this study reveals no significant differences between the two ownership forms in terms of the corporate-product performance score. The results indicate that the owner-customer fused role in the mutual organization must be considered in the mutual versus proprietary ownership debate.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::a0c606d8c3395d4b3e24fd6ec9ecf674 https://doi.org/10.1111/j.1467-8292.2010.00411.x Zobrazit plný text záznamu Plný text ve formátu PDF