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Governance in Mutual Fund Management in Thailand |
|---|---|
| รหัสดีโอไอ | |
| Creator | Nada Chunsom |
| Title | Governance in Mutual Fund Management in Thailand |
| Publisher | School of Development Economic |
| Publication Year | 2556 |
| Journal Title | Development Economic Review |
| Journal Vol. | 7 |
| Journal No. | 2 |
| Page no. | 133 |
| Keyword | Mutual Fund, Governance, Moral Hazard |
| ISSN | 1906-2540 |
| Abstract | Mutual Fund industry has a crucial role in fi nancial market development and is likely to grow steadily. The asset management companies and fund managers have served as agents and representatives to invest the mutual fund unit investors' money in the fi nancial market, with the investors' expectation of reasonable yields in return. Thus, trust and confi dence are key success factors to the sustainable growth of mutual fund industry. The study has pointed out that there are risks to have the problem of asymmetry information, especially the moral hazard, in the industry. There are some evidences in the past to show the occurrence of inappropriate and unethical behaviors in the mutual fund management in Thailand. Moreover, some structural risks in the industry may lead to the future occurrence possibility of inappropriate and unethical behaviors. This study suggests the need to focus on the principles of good governance in the mutual fund management to reassure the investors' confi dence to the industry |
