封闭式基金的折价研究
财经研究 2000 年 第 26 卷第 10 期, 页码:19 - 23
摘要
参考文献
摘要
我国封闭式基金当前的市场价格存在着折价。理论界与广大投资者对这一现象都感到困惑不解。事实上 ,在西方发达的证券市场也存在同样的问题。本文通过对西方封闭式基金折价理论的研究 ,分析了我国封闭式基金折价的原因。
[1]Fortune ,P :StockMarketEfficiency :AnAutopsy ?[J] NewEnglandEconomicReview ,FederalReserveBankofBoston ,March/April,1991:17- 4 0
[2 ]Brickley ,James,ManasterStevenandJamesSchallheim :TheTax -timingOptionandtheDiscountsonClosed -EndIn vestmentCompanies [J] JournalofBusiness,1991,64( 3) :2 97- 312
[3]Barclay ,MichaelJ ,CliffordHoldernessandJefferyPontiff:PrivateBenefitsfromBlockOwnershipandDiscountsonClosed -EndFunds [J] JournalofFinancialEconomics,1993,33:2 63- 2 91
[4 ]Lee ,CharlesMC ,AndreiShleifer,andRichardH Thaler:InvestorSentimentandtheClosed -EndFundPuzzle [J] JournalofFinance ,1991,4 6:75- 10 9
[5]DeLong ,J B ,A Shleifer,L H Summers ,andR J Waldmann :NoiseTradeRiskinFinancialMarkets [J] JournalofPoliticalEconomy ,1990 ,98:70 3- 738
[2 ]Brickley ,James,ManasterStevenandJamesSchallheim :TheTax -timingOptionandtheDiscountsonClosed -EndIn vestmentCompanies [J] JournalofBusiness,1991,64( 3) :2 97- 312
[3]Barclay ,MichaelJ ,CliffordHoldernessandJefferyPontiff:PrivateBenefitsfromBlockOwnershipandDiscountsonClosed -EndFunds [J] JournalofFinancialEconomics,1993,33:2 63- 2 91
[4 ]Lee ,CharlesMC ,AndreiShleifer,andRichardH Thaler:InvestorSentimentandtheClosed -EndFundPuzzle [J] JournalofFinance ,1991,4 6:75- 10 9
[5]DeLong ,J B ,A Shleifer,L H Summers ,andR J Waldmann :NoiseTradeRiskinFinancialMarkets [J] JournalofPoliticalEconomy ,1990 ,98:70 3- 738
引用本文
薛刚, 顾锋, 黄培清. 封闭式基金的折价研究[J]. 财经研究, 2000, 26(10): 19–23.
导出参考文献,格式为:
下一篇:风险投资:基于企业治理结构的分析