Is “Voting with Your Feet” an Effective Mutual Fund Governance Mechanism? PoorSatisfactoryGoodVery GoodExcellent Be the first. (0 ratings) Log in to rate this article. CFA Digest May 2011 | Vol. 41 | No. 2 | 2 pages Source: CFA InstituteMeijun QianJot K. Yau, CFA (Reviewer) Read Abstract The author uses the fund flows surrounding the abusive-timing and late-trading practices in mutual funds that were revealed in the 2003–04 trading scandals to test whether investors’ ability to withdraw or add funds deters bad behavior in mutual funds. The results support investor vigilance through “voting with your feet” actions. View more information Topics Behavioral Finance : Individual Investor Behavioral Biases | Portfolio Management : Mutual Funds, Pooled Funds, and Exchange-Traded Funds (ETFs) | Standards, Ethics, and Regulations (SER) : Ethical Practices and Guidelines Credits · About the CE Program 0 CE (including 0 SER) Record credits Credits recorded Members, log in to record your credits. Manage CE Credits People who viewed this page also viewed: Advanced Risk and Portfolio Management Bootcamp - ARPM Bootcamp The six-day course provides in-depth understanding of buy-side quantitative modeling from the foundations to the most advanced statistical ... More China's 12th Five-Year Plan Alexander Van Kemenade discusses China's 12th five-year plan, which includes higher efficiency in the use of energy, water, and carbon ... More Loading ...