Closed-end fund premia and returns implications for financial market equilibrium

• 1 March 1995
• journal article
• Published by Elsevier in Journal of Financial Economics
• Vol. 37  (3) , 341-370
• https://doi.org/10.1016/0304-405x(94)00800-g

Abstract

Keywords

• CLOSED-END FUND
• DISCOUNT
• ABNORMAL RETURN
• BOOK-TO-MARKET
• MARKET EFFICIENCY
• G12
• G29
• G14