id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fsr-3222	Muller, Leslie; Turner, John A.	Strategic complexity in investment management fee disclosures	2016	20	.pdf	application/pdf	9233	520	55	229L.A. Muller, J.A. Turner / Financial Services Review 25 (2016) 215–234 Our article develops a hypothesis concerning strategic complexity in fee disclosures, develops a measure of complexity in fee disclosures, collects a small sample of fee disclo- sures, notes the simple correlation between complexity in fee disclosure according to our measure and level of fees, and collects a substantial sample to validate our measure of complexity of fee disclosures. Strategic complexity in investment management fee disclosures Leslie A. Muller, Ph.D.a,*, John A. Turner, Ph.D.b aAssistant Professor of Economics, Grand Valley State University, 50 Front Street SW, Grand Rapids, MI 49504, USA bPension Policy Center, 3713 Chesapeake St. NW, Washington, DC 20016, USA Abstract This article develops a measure of complexity of fee disclosures, based on previous work assessing the grade level of language, and validates that measure through a survey where students are asked to independently rate the complexity of fee disclosures.	cache/fsr-3222.pdf	txt/fsr-3222.txt