Revisit Closed-End Fund Puzzles via Dynamic Capital Mobility
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- Jonathan B. Berk & Richard Stanton, 2007. "Managerial Ability, Compensation, and the Closed‐End Fund Discount," Journal of Finance, American Finance Association, vol. 62(2), pages 529-556, April.
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More about this item
Keywords
Closed-End Fund Puzzles; Constrained Arbitrage; Capital Mobility; Investor Inertia; Investor Sentiment;All these keywords.
JEL classification:
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
- G40 - Financial Economics - - Behavioral Finance - - - General
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