B.Sc, State University of New York at Buffalo , 1968. Paper examines the relationship between the fees charged by mutual funds and their performance. Paper compares the performance of mutual funds managed by publicly-traded management companies with those managed by private management companies. Joint with Jiaping Qiu . Joint with Y. Kotowitz.
Paper examines the way in which investors evaluate risk in deciding which mutual funds to invest .
Adviser's Guide to Financial Research , Chapter 6, MacLean Hunter, 1999. Paper explores the issues involved in measuring mutual fund performance . The paper develops and empirically tests a model which explains the determinants of the management expenses charged by U.S. equity funds. Joint with Y. Kotowitz . Paper examines the interaction between the flexibility of a firm's production technology and its financial structure using simulation.