Closed-End Fund Pricing: Theories and Evidence

Author:   Seth Anderson ,  Jeffery A. Born
Publisher:   Springer-Verlag New York Inc.
Edition:   Softcover reprint of hardcover 1st ed. 2002
Volume:   13
ISBN:  

9781441949400


Pages:   102
Publication Date:   01 December 2010
Format:   Paperback
Availability:   In Print   Availability explained
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Closed-End Fund Pricing: Theories and Evidence


Overview

Closed-End Investment Companies (CEICs) have experienced a significant revival of interest, both as investment vehicles and as the subject of academic research, over the past decade. This academic research has focused on the nature of closed-end funds' discounts and premiums and on the share price behavior of these firms. The first book by the authors, ""Closed-End Investment Companies: Issues and Answers,"" addresses closed-end fund academic articles published prior to 1991. This second book addresses those articles that have appeared since that time. Closed-End Fund Pricing: Theories and Evidence is designed for the academic researcher interested in CEICs and the practitioner interested in using CEICs as an investment vehicle. The authors summarize the evolution of CEICs, present the factors thought to cause CEIC shares to trade at different levels from their net asset values, provide a complete survey of the recent academic literature on this topic, and summarize the current state of research on CEICs.

Full Product Details

Author:   Seth Anderson ,  Jeffery A. Born
Publisher:   Springer-Verlag New York Inc.
Imprint:   Springer-Verlag New York Inc.
Edition:   Softcover reprint of hardcover 1st ed. 2002
Volume:   13
Dimensions:   Width: 15.50cm , Height: 0.60cm , Length: 23.50cm
Weight:   0.454kg
ISBN:  

9781441949400


ISBN 10:   1441949402
Pages:   102
Publication Date:   01 December 2010
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

An Introduction to Investment Companies.- A Brief Overview of the Closed-End Fund Industry.- Content Summaries of Volumes One and Two.- Closed-End Fund Discounts as an Investor Sentiment Index.- Closed-End Country Funds and International Diversification Benefits.- Other Efforts to Explain Closed-End Fund Discounts.- Idiosyncratic Closed-End Fund Studies.- Summary of Findings.- Conclusion.- References.

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