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What Moves the Discount on Country Equity Funds?
16 references·16 citing·50 second hopsampled
What Moves the Discount on Country Equity Funds? (1993)What Moves the Discount on Country Equity…Closed-end fund premia and returns implications for financial market equilibrium (1995)Closed-end fund premia and re…Yes, Discounts on Closed-End Funds Are a Sentiment Index (1993)Yes, Discounts on Closed-End …Emerging Markets (1992)Emerging MarketsNoise Trader Risk in Financial Markets (1990)Noise Trader Risk in Financia…Investor Sentiment and the Closed-End Fund Puzzle (1990)Investor Sentiment and the Cl…International Investment Restrictions and Closed‐End Country Fund Prices (1990)International Investment Rest…Testing for Common Trends (1988)Testing for Common TrendsClosed-End Fund Shares' Abnormal Returns and the Information Content of Discounts and Premiums (1988)Closed-End Fund Shares' Abnor…Integration vs. Segmentation in the Canadian Stock Market (1986)Integration vs. Segmentation …Lifting the Lid on Closed-End Investment Companies: A Case of Abnormal Returns (1985)Lifting the Lid on Closed-End…Stock Prices and Social Dynamics (1984)Stock Prices and Social Dynam…The information content of discounts and premiums on closed-end fund shares (1978)The information content of di…THE VALUATION OF CLOSED‐END INVESTMENT‐COMPANY SHARES (1977)THE VALUATION OF CLOSED‐END I…DISCOUNTS AND PREMIUMS ON CLOSED‐END MUTUAL FUNDS: A STUDY IN VALUATION (1973)DISCOUNTS AND PREMIUMS ON CLO…AN INVESTOR EXPECTATIONS STOCK PRICE PREDICTIVE MODEL USING CLOSED‐END FUND PREMIUMS (1973)AN INVESTOR EXPECTATIONS STOC…A Random Walk Down Wall Street (1973)A Random Walk Down Wall StreetPsychology-based Models of Asset Prices and Trading Volume (2018)Psychology-based Models of As…Comovement revisited (2016)Comovement revisitedAsymmetric Information, Portfolio Managers, and Home Bias (2012)Asymmetric Information, Portf…Market segmentation, liquidity spillover, and closed-end country fund discounts (2008)Market segmentation, liquidit…Endogenous asymmetric information and international equity home bias: The effects of portfolio size and information costs (2008)Endogenous asymmetric informa…Where does price discovery occur for stocks traded in multiple markets? Evidence from Hong Kong and London (2006)Where does price discovery oc…The Closed-End Fund Discount (2002)The Closed-End Fund DiscountEmerging Market Makers: The Power of Institutional Investors (2001)Emerging Market Makers: The P…Country funds and asymmetric information (2000)Country funds and asymmetric …What is the International Dimension of International Finance? (1999)What is the International Dim…Understanding the political implications of financial internationalization in emerging market countries (1998)Understanding the political i…Complex bubble persistence in closed-end country funds (1997)Complex bubble persistence in…Country fund discounts and the mexican crisis of December 1994: Did local residents turn pessimistic before international investors? (1996)Country fund discounts and th…Country Fund Discounts and the Mexican Crisis of December 1994: Did Local Residents Turn Pessimistic before International Investors? (1996)Country Fund Discounts and th…Diversification, Integration and Emerging Market Closed-End Funds (1995)Diversification, Integration …Sterilization of Money Inflows (1994)Sterilization of Money InflowsQuarterly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis (1980)A model of international asset pricing (1981)International Asset Pricing under Mild Segmentation: Theory and Test (1985)Stock market interdependencies: Evidence from the asian NIEs (1994)The Internationalization of Equity Markets (1994)A Measure of Stock Market Integration for Developed and Emerging Markets (1996)Asset returns and inflation (1977)Stock Returns and the Term Structure (1985)Noise (1986)Predicting returns in the stock and bond markets (1986)Good Day Sunshine: Stock Returns and the Weather (2003)Expected Stock Returns and Variance Risk Premia (2009)Distribution of the Estimators for Autoregressive Time Series with a Unit Root (1979)Trends and random walks in macroeconmic time series (1982)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)A PANIC Attack on Unit Roots and Cointegration (2004)Analysis of Financial Time Series (2006)Introductory Econometrics for Finance (2008)Capital Market Equilibrium with Restricted Borrowing (1972)Risk, Return, and Equilibrium: Empirical Tests (1973)The arbitrage theory of capital asset pricing (1976)An Information Based Explanation of the Domestic Bias in International Equity Investment (1993)International Cross‐Listing and Order Flow Migration: Evidence from an Emerging Market (1998)Common and fundamental factors in stock returns of Canadian oil and gas companies (2006)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk and return in real estate (1991)Managerial Ability, Compensation, and the Closed‐End Fund Discount (2007)The General Theory of Employment, Interest and Money. (1936)The Behavior of Stock-Market Prices (1965)Continuous Auctions and Insider Trading (1985)The Limits of Arbitrage (1995)Investor Psychology and Security Market Under‐ and Overreactions (1998)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Dividend Policy, Growth, and the Valuation of Shares (1961)Closed-end Country Funds and U.S. Market Sentiment (1995)Volatility, Sentiment, and Noise Traders (1999)Arbitrage crashes and the speed of capital (2011)Extraordinary popular delusions and the madness of crowds. (1932)Random Walks in Stock Market Prices (1965)Anomalies: Closed-End Mutual Funds (1990)Random Walks in Stock Market Prices (1995)A Liquidity-Based Theory of Closed-End Funds (2008)Measuring Investor Sentiment (2018)Norm theory: Comparing reality to its alternatives. (1986)Investor Sentiment and the Closed‐End Fund Puzzle (1991)An Engine, Not a Camera (2006)The Risk Exposure of Emerging Equity Markets (1995)A study of cointegration and variance decomposition among national equity indices before and during the period of the Asian financial crisis (2000)The explanatory power of political risk in emerging markets (2002)
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References

  • 1990Noise Trader Risk in Financial Markets6,259 cited
  • 1988Testing for Common Trends1,894 cited
  • 1973A Random Walk Down Wall Street1,743 cited
  • 1984Stock Prices and Social Dynamics1,615 cited
  • 1986Integration vs. Segmentation in the Canadian Stock Market439 cited
  • 1977THE VALUATION OF CLOSED‐END INVESTMENT‐COMPANY SHARES372 cited
  • 1973AN INVESTOR EXPECTATIONS STOCK PRICE PREDICTIVE MODEL USING CLOSED‐END FUND PREMIUMS262 cited
  • 1992Emerging Markets216 cited
  • 1978The information content of discounts and premiums on closed-end fund shares207 cited
  • 1990International Investment Restrictions and Closed‐End Country Fund Prices206 cited
  • 1995Closed-end fund premia and returns implications for financial market equilibrium192 cited
  • 1993Yes, Discounts on Closed-End Funds Are a Sentiment Index172 cited
  • 1985Lifting the Lid on Closed-End Investment Companies: A Case of Abnormal Returns140 cited
  • 1973DISCOUNTS AND PREMIUMS ON CLOSED‐END MUTUAL FUNDS: A STUDY IN VALUATION127 cited
  • 1990Investor Sentiment and the Closed-End Fund Puzzle119 cited
  • 1988

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Closed-End Fund Shares' Abnormal Returns and the Information Content of Discounts and Premiums
96 cited

Cited by

  • 2000Country funds and asymmetric information82 cited
  • 1996Country Fund Discounts and the Mexican Crisis of December 1994: Did Local Residents Turn Pessimistic before International Investors?82 cited
  • 1994Sterilization of Money Inflows79 cited
  • 2016Comovement revisited73 cited
  • 2008Market segmentation, liquidity spillover, and closed-end country fund discounts63 cited
  • 2012Asymmetric Information, Portfolio Managers, and Home Bias61 cited
  • 1998Understanding the political implications of financial internationalization in emerging market countries52 cited
  • 2006Where does price discovery occur for stocks traded in multiple markets? Evidence from Hong Kong and London47 cited
  • 2008Endogenous asymmetric information and international equity home bias: The effects of portfolio size and information costs43 cited
  • 1996Country fund discounts and the mexican crisis of December 1994: Did local residents turn pessimistic before international investors?42 cited
  • 2001Emerging Market Makers: The Power of Institutional Investors40 cited
  • 2002The Closed-End Fund Discount36 cited
  • 2018Psychology-based Models of Asset Prices and Trading Volume36 cited
  • 1997Complex bubble persistence in closed-end country funds32 cited
  • 1999What is the International Dimension of International Finance?29 cited
  • 1995Diversification, Integration and Emerging Market Closed-End Funds27 cited