A Joseph Warburton published his article Trusts Versus Corporations: An Empirical Analysis of Competing Organizational Forms, 36 J. Corp. L. 183 (2010).
The article compares managers of corporations to managers of trusts, fiduciaries with a higher level of responsibility. Evidence suggests that higher fiduciary responsibility lessens managerial risk taking but causes inferior risk-adjusted performance.
HAT TIP: Wills, Trusts and Estates Prof Blog
Posted by Adam Fleischer, Associate Editor, Wealth Strategies Journal
Leave a comment