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Volumn 10, Issue 2, 2004, Pages 235-266

Investor sentiment and the closed-end fund puzzle: Out-of-sample evidence

Author keywords

Closed end funds; Discounts premiums; G12; G14; Investor sentiment; Stock returns

Indexed keywords


EID: 66249090272     PISSN: 13547798     EISSN: 1468036X     Source Type: Journal    
DOI: 10.1111/j.1354-7798.2004.00249.x     Document Type: Article
Times cited : (36)

References (12)
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  • 3
    • 84993890035 scopus 로고
    • Yes, discounts on closed-end funds are a sentiment index
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    • Chopra, N.1    Lee, C.M.2    Shleifer, A.3    Thaler, R.H.4
  • 6
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    • Do investors care about sentiment?
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    • Elton, E.1    Gruber, M.2    Busse, J.A.3
  • 7
    • 0346207692 scopus 로고    scopus 로고
    • Market efficiency, long-term returns, and behavioral finance
    • Fama, E., ‘Market efficiency, long-term returns, and behavioral finance’, Journal of Financial Economics, Vol. 49, 1998, pp. 283–306.
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    • Fama, E.1
  • 8
    • 0001534103 scopus 로고
    • A test of the efficiency of a given portfolio
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    • Gibbons, M.R.1    Ross, S.2    Shanken, J.3
  • 9
    • 84977736029 scopus 로고
    • Investor sentiment and the closed-end fund puzzle
    • Lee, C. M., Shleifer, A. And Thaler, R. H., ‘Investor sentiment and the closed-end fund puzzle’, Journal of Finance, Vol. 46, no. 1, 1991, pp. 75–109.
    • (1991) Journal of Finance , vol.46 , Issue.1 , pp. 75-109
    • Lee, C.M.1    Shleifer, A.2    Thaler, R.H.3
  • 10
    • 84977360059 scopus 로고
    • The valuation of closed-end fund investment company shares
    • Malkiel, B., ‘The valuation of closed-end fund investment company shares’, Journal of Finance, Vol. 32, 1977, pp. 847–59.
    • (1977) Journal of Finance , vol.32 , pp. 847-859
    • Malkiel, B.1
  • 11
    • 33746197256 scopus 로고    scopus 로고
    • Neoclassical finance, alternative finance and the closed end fund puzzle
    • Ross, S., ‘Neoclassical finance, alternative finance and the closed end fund puzzle’, European Financial Management, Vol. 8, no. 1, 2002, pp. 129–37.
    • (2002) European Financial Management , vol.8 , Issue.1 , pp. 129-137
    • Ross, S.1
  • 12
    • 84944834395 scopus 로고
    • An investor expectations stock price predictive model using closed-end fund premiums
    • Zweig, M., ‘An investor expectations stock price predictive model using closed-end fund premiums’, Journal of Finance, Vol. 28, 1973, pp. 67–86.
    • (1973) Journal of Finance , vol.28 , pp. 67-86
    • Zweig, M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.