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Conclusion

  • Seth C. Anderson
  • Jeffery A. Born
Chapter
Part of the Innovations in Financial Markets and Institutions book series (IFMI, volume 13)

Abstract

Over the past decades different arguments have been offered to explain the magnitude of and/or behavior of closed-end fund discounts. Many of these arguments have been discarded or mitigated. We are reminded of the words of Richard McEnally, who, when referring to a different controversy in the finance literature stated, “Just because someone says it’s so, many times, doesn’t make it so.”

Keywords

Market Return Finance Literature Target Market Investor Sentiment Noise Trade 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer Science+Business Media Dordrecht 2002

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

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