Through the analysis on fund's different aspects, it's discovered that informational structure has a big impact on fund manager's operating behavior.

通过对基金各行为主体的博弈分析，发现信息结构对基金管理人的经营行为有重大影响。

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With the analysis under the incomplete contract theory and principal-agent theory, there is no such an optimum governance structure for open-end fund either contract style or corporate style.

从不完全契约理论和委托代理框架的视角分析开放式基金治理结构，可以得出不存在最优的治理结构的结论。

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