An Empirical Study on the Closed-end Funds Puzzle: The Case in China's Mutual Funds Market
It is considered as an anomaly that closed-end funds are often traded at discounts by the efficient market hypothesis (EMH) theory. This puzzle includes four pieces which together capture the life cycle of a closed-end fund. There are many empirical studies related to this field, but the theories ha...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2007
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| Online Access: | https://eprints.nottingham.ac.uk/21292/ |