Do determinants of fees differ between Islamic and conventional funds?

Meryem Mehri, M. Kabir Hassan, M. Fasial Safa and Ibrahim Siraj

International Journal of Finance & Economics, 2021, vol. 26, issue 3, 3599-3623

Abstract: This paper examines the effects of country conditions on fund manager fees. By using an international sample of 607 funds from 23 countries, the authors show that legal, culture, and political risk have robust effects on fund manager fees. The findings indicate that Islamic and conventional funds in developing countries with weaker legal settings and higher corruption have higher fixed and performance fees. However, performance fees are lower and fixed fees are higher in countries with higher political risk. Overall, Hofstede's cultural values significantly affect the fund fees with robust differential effects between Islamic and conventional funds.

Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.1002/ijfe.1978

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:ijfiec:v:26:y:2021:i:3:p:3599-3623

Ordering information: This journal article can be ordered from
http://jws-edcv.wile ... PRINT_ISSN=1076-9307

Access Statistics for this article

International Journal of Finance & Economics is currently edited by Mark P. Taylor, Keith Cuthbertson and Michael P. Dooley

More articles in International Journal of Finance & Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().