Models of Corporate Governance in Investment Funds from the Point of View of the Theory of Transactional Costs

Alexander A. Metzger
Year: 2017
DOI:
UDK: 330.714
Pages: 24-38
Language: russian
Section: Economics
Keywords: investment fund, corporate governance, corporate governance model, effective market, outsider model, insider model, private equity fund, venture fund, hedge fund, transaction costs, managing company, qualified investor, specific asset.
Abstract
The issues of corporate governance in investment funds are considered. The paper shows the possibility of forming the corporate governance of investment fund depending on the structure of assets and liabilities. Basic models of corporate governance in investment funds with their characteristics are highlighted. The analysis of transaction costs in investment funds was conducted and the directions of cost reduction at the expense of corporate governance mechanisms are highlighted.
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