Universität zu Köln

Sonnenburg, Florian (2015). Essays on Mutual Fund Governance and Corporate Governance. PhD thesis, Universität zu Köln.

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Abstract

This thesis comprises of three essays on mutual fund governance and corporate governance. The first essay (Kempf, Puetz, and Sonnenburg, 2013, “The Impact of Duality on Managerial Decisions and Performance: Evidence from the Mutual Fund Industry”) investigates the consequences of manager duality in the U.S. mutual fund industry, i.e., a sole leadership structure where the manager also acts as the chairman of the board. The second essay (Martin and Sonnenburg, 2015, “Managerial Ownership Changes and Mutual Fund Performance”) analyses the relationship between managerial ownership changes and changes in future risk-adjusted fund performance for a sample of U.S. equity mutual funds. The third essay (Limbach and Sonnenburg, 2015, “CEO Fitness and Firm Value”) examines the role of physical fitness as an important managerial characteristic relevant for hiring decisions of the board of directors using a panel of S&P 1500 companies.

Item Type:	Thesis (PhD thesis)
Creators:	Creators Email ORCID ORCID Put Code Sonnenburg, Florian sonnenburg@wiso.uni-koeln.de UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-65581
Date:	14 August 2015
Language:	English
Faculty:	Faculty of Management, Economy and Social Sciences
Divisions:	Faculty of Management, Economics and Social Sciences > Business Administration > Finance > Professorship for Business Administration and Finance
Subjects:	Management and auxiliary services
Uncontrolled Keywords:	Keywords Language Fund Governance, Corporate Governance, Manager Duality, Fund Manager Ownership Changes, Incentive Alignment, Superior Information, CEO fitness, CEO heterogeneity, firm value UNSPECIFIED
Date of oral exam:	21 January 2016
Referee:	Name Academic Title Kempf, Alexander Prof. Dr. Hess, Dieter Prof. Dr.
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/6558