Closed-End Fund Pricing

Theories and Evidence

  • Seth C. Anderson
  • Jeffery A. Born

Part of the Innovations in Financial Markets and Institutions book series (IFMI, volume 13)

Table of contents

  1. Front Matter
    Pages i-xii
  2. Seth C. Anderson, Jeffery A. Born
    Pages 1-5
  3. Seth C. Anderson, Jeffery A. Born
    Pages 7-9
  4. Seth C. Anderson, Jeffery A. Born
    Pages 11-16
  5. Seth C. Anderson, Jeffery A. Born
    Pages 17-32
  6. Seth C. Anderson, Jeffery A. Born
    Pages 33-47
  7. Seth C. Anderson, Jeffery A. Born
    Pages 49-60
  8. Seth C. Anderson, Jeffery A. Born
    Pages 61-75
  9. Seth C. Anderson, Jeffery A. Born
    Pages 77-85
  10. Seth C. Anderson, Jeffery A. Born
    Pages 87-88
  11. Back Matter
    Pages 89-101

About this book

Introduction

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.

Keywords

Funds Investment diversification fund pricing research science and technology trade

Authors and affiliations

  • Seth C. Anderson
    • 1
  • Jeffery A. Born
    • 2
  1. 1.Department of Accounting and FinanceUniversity of North FloridaUSA
  2. 2.College of Business AdministrationNortheastern UniversityUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4757-3633-5
  • Copyright Information Springer-Verlag US 2002
  • Publisher Name Springer, Boston, MA
  • eBook Packages Springer Book Archive
  • Print ISBN 978-1-4419-4940-0
  • Online ISBN 978-1-4757-3633-5
  • About this book