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An Analysis of Closed-end Fund Puzzle for Emerging Capital Markets
| Content Provider | Open Access Library (OALib) |
|---|---|
| Author | Victor Dragota Mihai Caruntu Andreea Stoian |
| Abstract | This paper analyzes the closed-end fund puzzle for an emerging capital market, respectively the Romanian one. Comparatively to more developed markets, as long as small markets are often very illiquid, it has to be used some specific valuation techniques in order to estimate the market values for closed-end funds. Also, one problem is this estimation can be made only in some (punctual) moments. |
| ISSN | 18418678 |
| Journal | Theoretical and Applied Economics |
| Publisher | General Association of Economists from Romania |
| Publisher Date | 2008-01-01 |
| Access Restriction | Open |
| Subject Keyword | Market efficiency Emergent capital markets Closed-end funds Romania. |
| Content Type | Text |
| Resource Type | Article |