786  22

3)1       .  : Greggory A. Brauer,
"Open-Ending" Closed-End Funds, Journal of Financial Economics, 13. no. 4 (December 1984), pp. 491507.

 

                              	                        (REIT) -

 

1.       :

William J. Baumol, Stephen M. Goldfeld, Lilli A. Gordon, and Michaek F. Koehn, The

Economics of Mutual Fund Markets: Competition Versus Regulation (Boston: Kluwer Academic

Publishers, 1990).

Investment Companies Yearbook 1993 (CDA Investment Technologies, Inc., 1355 Piccard

Drive, Rockville, MD 20850).

1993 Mutual Fund Fact Book (Investment Company Institute, P.O.Box 66140, Washington,

DC 20035-6140).

John C. Bogle, Bogle on Mutual Funds (Bun- Ridge, IL: Richard D. Irwin, 1994).

The Individual Investor's Guide to No-Load Mutual Funds (to order, write: American

Association of Individual Investors, 625 North Michigan Avenue, Research Department,

Chicago, IL 60611).

Morningstar Mutual Funds (Morningstar, Inc., 225 West Wacker Drive, Chicago, IL 60606).

2.         
        ,
  ,      -
.     Financial Analysts Journal  / 1987 .,
   , .:

Laura . Starks, Performance Incentive Fees: An Agency Theoretic Approach, Journal
of Financial and Quantitative Analysis, 22, no. 1 (March 1987), pp. 1732.
Mark Grinblatt and Sheridan Titman, How Clients Can Win the Gaming Game. Journal
of Portfolio Management. 13, no. 4 (Summer 19S7), pp. 1423.
Joseph H. Golec, Do Mutual Fund Managers Who Use Incentive Compensation
Outperform Those Who Don't?, Financial Analysts Journal, 44, no. 6 (November/December
1988), pp. 75-78.

Mark Grinblatt and Sheridan Titman, Adverse Risk Incentives and the Design of Performance-
Based Contracts, Management Science, 35, no. 7 (July 1989), pp. 807822.
JefferyV. Bailey, Some Thoughts on Performance-Based Fees, Financial Analysts Journal,
46, no. 4 (July/August 1990), pp. 31-40.