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Investor Sentiment and the Closed‐End Fund Puzzle [PDF]
The Journal of Finance, 1991 This paper examines the proposition that fluctuations in discounts of closed- end funds are driven by changes in individual investor sentiment. The theory implies that discounts on various funds move together, that new funds get started when seasoned funds sell at a premium or a small discount, and that discounts are correlated ...
Charles M.C. Lee +2 more
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Dividend Distributions and Closed-End Fund Discounts
Journal of Financial Economics, 2010 Abstract Empirical support for the hypothesis that closed-end fund discounts are related to overhanging tax liabilities has been mixed. We introduce a new approach to testing this hypothesis by examining changes in discount levels following distributions of dividends and capital gains.
Theodore E. Day, George Li, Yexiao Xu
openalex +2 more sources
Deviations from fundamental value and future closed-end country fund returns [PDF]
Journal of Economics Finance and Administrative Science, 2021 Purpose – This article examines whether deviations from fundamental value or closed-end country fund's discounts or premiums forecast future share price returns or net asset returns.
Luis Berggrun +2 more
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Investor Sentiment Measurement and Time Series Analysis [PDF]
SHS Web of Conferences, 2023 Investor sentiment is one of the destabilizing factors in the stock market. In the past, some scholars have proposed models for the measurement of emotions. On this basis, this paper selects 9 factors (closed-end fund discount rate, trading volume of the
Bai Yuchen
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Global Catastrophe Bond Market and the Prospects of Its Formation in the Russian Federation [PDF]
Финансовый журнал, 2021 The article is devoted to the development of instruments for catastrophe risk financing. The state of the global market for disaster risk financing is analyzed in order to identify the main development trends and the possibilities of using conceptual ...
Natalya A. Khutorova
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Regulating investment funds: Serbia vs. EU [PDF]
Bankarstvo, 2014 The Law on Investment Funds ('Official Gazette of the RS', no. 46/06, 51/09, and 31/11) regulates the field of investment funds operating in Serbia. Bearing in mind that Serbia has been in the process of joining the EU, and that it faces the pending ...
Montiljo-Mihajlović Dijana
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ANALISA PENGARUH SENTIMEN INVESTOR TERHADAP TINGKAT PENGEMBALIAN SAHAM PADA PASAR AMERIKA SERIKAT
Ekonomi dan Bisnis, 2023 Di tengah pandemi, banyak orang kehilangan pekerjaan, berada dalam posisi untuk diberhentikan, atau tidak dapat melanjutkan aktivitas yang berupa sumber pendapatan mereka.
Vincent Vincent, Candy Candy
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An agent-based modeling framework for the design of a dynamic closed-loop supply chain network
Complex & Intelligent Systems, 2022 The supply chain is a dynamic and uncertain system consisting of material, information, and fund flows between different organizations, from the acquisition of the raw materials to the delivery of the finished products to the end customers.
Ayşegül Bozdoğan +2 more
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The causal linkages between investor sentiment and excess returns on Borsa Istanbul
Borsa Istanbul Review, 2020 The main aim of this study is to analyze the causal relationship between BIST-100 return index and investor sentiment. The investor sentiment is measured by constructing an index comprised of the closed-end fund discount, mutual fund flows, share of ...
Efe Caglar Cagli +2 more
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An Analysis of Closed-end Fund Puzzle for Emerging Capital Markets [PDF]
Theoretical and Applied Economics, 2008 This paper analyzes the closed-end fund puzzle for an emerging capital market, respectively the Romanian one. Comparatively to more developed markets, as long as small markets are often very illiquid, it has to be used some specific valuation techniques ...
Victor Dragota +2 more
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